Nvidia denies receiving an antitrust subpoena from the DOJ.
- On Wednesday, Nvidia refuted rumors about receiving a subpoena from the DOJ regarding antitrust issues.
- A representative informed CNBC that they have contacted the U.S. Department of Justice and have not received a subpoena. Despite this, they are prepared to respond to any inquiries from regulators regarding their business.
On Wednesday, the company denied receiving a subpoena from the Department of Justice regarding antitrust issues.
"An Nvidia representative informed CNBC that they have not been subpoenaed by the U.S. Department of Justice and are willing to answer any questions regulators may have about their business."
On Tuesday, Nvidia received a subpoena, which caused the stock to decline in after-hours trading. The chipmaker's shares had already lost nearly 10% during regular trading on Tuesday.
Nvidia's recent rise in dominance in artificial intelligence chips for data centers has been directly linked to its dominance in the category years before competitors started taking it seriously.
According to industry estimates, Nvidia holds over 80% of the data center AI chip market.
Nvidia "wins on merit, as demonstrated by our benchmark results and customer value, and customers have the freedom to select the best solution for their needs," Nvidia stated to CNBC.
Technology
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