after the sharp drop, nvidia received another us antitrust subpoena
2024-09-06
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on september 3, shares of u.s. chipmaker nvidia closed down 9.5%, and its market value shrank by $279 billion overnight, marking the largest single-day drop in u.s. corporate history and dragging down other chip stocks on the same day.reuters reported that the latest u.s. institute for supply management manufacturing purchasing managers' index for august was lower than generally expected, triggering investors' concerns about economic growth, leading to a sluggish overall market performance. investors are worried that it may take longer to see the actual impact and solid returns brought by artificial intelligence (ai).to make matters worse, nvidia received a subpoena from the u.s. department of justice that day. bloomberg reported on the 4th that the u.s. department of justice, which is collecting evidence of nvidia's antitrust violations, has issued subpoenas to the company and other ai giants. people familiar with the matter revealed that the u.s. department of justice had previously issued questionnaires to companies and is now issuing legally binding requirements to companies to provide relevant information, which means that the government is one step closer to formally filing a lawsuit. in response, an nvidia spokesperson said, "nvidia wins with strength, which is reflected in our benchmark test results and value to customers. customers can choose whatever solution is best for them."the report said that although the company reported a 122% year-on-year increase in second-quarter revenue last week, signs of slowing growth, especially the prospects of its next-generation artificial intelligence chips, have worried investors. but the wall street journal said that nvidia stocks usually perform worst in september and the stock may still rise. (xiao zhendong)▲
