Nvidia Keeps Falling Late As DOJ Reportedly Issues Subpoenas In AI Antitrust Probe

Nvidia's Rough Start to 2023 Continues

Nvidia's market share is reportedly set to face an investigation from the Department of Justice (DOJ) regarding its acquisition of Arm and other anti-competitive practices. This comes after a difficult start to 2023 for the company, with its stock price falling more than 25% since the start of January.

DOJ's Investigation

The DOJ's investigation is focused on Nvidia's growing dominance in the AI chip market. The company's acquisition of Arm, a major supplier of chip designs, has raised concerns that Nvidia could stifle competition and hurt innovation in the industry. The DOJ is reportedly issuing subpoenas to gather information from Nvidia and its competitors.

Nvidia has not commented on the DOJ's investigation but has previously stated that its acquisition of Arm is intended to "create the world's leading AI computing company." The company has also said that it is "committed to fair competition and innovation."

The DOJ's investigation is a significant development and could have a major impact on Nvidia's business. The company could face fines, restrictions on its business practices, or even a forced breakup if it is found to have violated antitrust laws.

Key Points

• The DOJ is investigating Nvidia's dominance in the AI chip market.
• The investigation is focused on the company's acquisition of Arm and other anti-competitive practices.
• Nvidia has not commented on the investigation but has previously stated that its acquisition of Arm is intended to "create the world's leading AI computing company."
• The investigation could have a major impact on Nvidia's business.

Sources

• Reuters: Nvidia falls as DOJ reportedly issues subpoenas in AI antitrust probe
• The Verge: Nvidia under investigation by DOJ over Arm acquisition, other anticompetitive practices