Nvidia's stock faced an unprecedented drop on Tuesday, wiping off $279 billion in market value, the largest one-day loss in U.S. history. This staggering figure represents more than the total shares of significant corporations like McDonald's and Chevron, underscoring the magnitude of the fallout after the news about the Department of Justice's antitrust investigation broke.
In reaction to the Department of Justice's antitrust investigation, a representative from Nvidia stated that the company 'wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them.' This highlights Nvidia's confidence in its products and market position despite the recent scrutiny.
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