Nvidia's shares dropped significantly as US authorities ramped up an investigation into potential competition law breaches, highlighting serious concerns over market practices.
The Department of Justice's subpoenas signal a serious escalation in the investigation against Nvidia, focusing on their competitive practices in the semiconductor market and its impact.
The broader market sell-off, influenced by weak manufacturing data, raised alarms for investors about the potential slowdown in the economic recovery.
While Nvidia’s AI chips dominate, concerns over exclusivity agreements raise questions about their market behavior and the future competitiveness of the semiconductor field.
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