Nvidia stock slips on reports of DOJ antitrust probe
) is facing a probe from the U.S. Department of Justice over complaints its rivals that the chipmaker is abusing its market dominance in developing advanced chips for artificial intelligence, according to a report by The Information on Thursday.Complaints included allegations that the chipmaker was threatening to punish customers who bought products from its rivals, as well as antitrust concerns over the firm’s acquisition of AI startups to strengthen its hold on the industry.
An Nvidia spokesperson said"NVIDIA wins on merit... We compete based on decades of investment and innovation, scrupulously adhering to all laws." But Nvidia’s dominance in the sector has called into question whether the firm is potentially skirting antitrust regulations.
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