Jump to content
  • Sign Up
×
×
  • Create New...

Nvidia slides further in post-market trading after plunge that wiped out $416 billion in market cap

Pelican Press

By Pelican Press,
in World News

 Share

Recommended Posts

  • Diamond Member
Pelican Press Warlord

Pelican Press 0

Posted
  • Diamond Member
Posted

This is the hidden content, please

Nvidia slides further in post-market trading after plunge that wiped out $416 billion in market cap

Nvidia shares fell 2 per cent in extended trading Tuesday after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation.

The slide comes after Nvidia dropped nearly 10 per cent during regular trading, wiping $US279 billion ($A415 billion) off its market cap.The DOJ probe has not reached the stage of a formal complaint, according to Bloomberg, and the agency is asking questions about whether Nvidia makes it ******* to switch to other suppliers of AI chips. Nvidia has more than 80 per cent of the market for data centre AI chips, according to industry estimates.

Premium

Subscribers with digital access can view this article.

Already a subscriber?

Login here.


This is the hidden content, please

#Nvidia #slides #postmarket #trading #plunge #wiped #billion #market #cap

This is the hidden content, please

This is the hidden content, please

0

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • Vote for the server

    To vote for this server you must login.

    Jim Carrey Flirting GIF

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.

  I accept