Connect with us

Hi, what are you looking for?

Smart Income LibrarySmart Income Library

Tech News

The Nvidia AI antitrust investigation is ‘escalating,’ reports Bloomberg

Vector collage of the Ndivia logo.
Cath Virginia / The Verge

An antitrust investigation by the Department of Justice focusing on Nvidia’s AI dominance as the hardware company of choice is escalating, reports Bloomberg. The outlet reports that Nvidia and other companies have received legally binding requests for information as its sources say regulators are investigating whether Nvidia is “making it harder to switch to other suppliers and penalizes buyers that don’t exclusively use its artificial intelligence chips.”

Earlier this summer, Nvidia had overtaken Microsoft as the world’s most valuable company, but now it trails both Microsoft and Apple. Before the subpoenas were reported on Tuesday afternoon, its share price dropped more than 9 percent, wiping out about $279 billion in market value in…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Politics

Former independent presidential candidate Robert F. Kennedy Jr. is back in the headlines — not for suspending his campaign last week and endorsing Republican...

Tech News

The Venom F5 Revolution at Circuit of the Americas. | Image: Hennessey Special Vehicles Hennessey Special Vehicles crashed its Venom F5 — a $3...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave kicks off a five-part series covering ten charts to watch in August 2024, starting with two...