Nvidia loses $263B after selloff; DoJ steps up antitrust probe into chipmaker
) lost about about $263 billion in value on Tuesday after the artificial intelligence chip giant suffered a major selloff as investors hit pause on the AI trade.
The selloff came ahead of reports after the closing bell that Nvidia has been subpoenaed by the U.S. Justice Department, seeking evidence that the chipmaker as well as others violated antitrust laws. The subpoenaed marked an acceleration into its probe of the Nvidia's AI chip market dominance. The DoJ has previously launched two separate investigations into the chipmaker amid antitrust concerns about the company's AI business dealings.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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