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Nvidia Says It Hasn't Been Subpoenaed by the Justice Department

The Nvidia logo on display at a conference.

CFOTO / Future Publishing / Getty Images

Key Takeaways

  • Nvidia said that the company has not been subpoenaed by U.S. regulators.
  • Reports on Tuesday indicated that the chipmaker received a subpoena from the Department of Justice as part of an antitrust investigation.
  • Nvidia's shares fell again Wednesday, extending a recent decline that has cut into the stock's recent upward run.

Artificial intelligence (AI) chip maker Nvidia (NVDA) said Wednesday that it has not received a subpoena from the Justice Department, issuing a statement 澳洲幸运5官方开奖结果体彩网:a day after reports that the government had reached out to th💧e company as part of a potential antitrust investigation.

"We have inquired with the U.S. Department of Justice and have not been subpoenaed," said a Nvidia spokesperson. "Nonetheless, we are happy to answer any questions regulators may have about our business".

The reported investigation a💫dded to recent pressure on Nvidia's shares, The shares finished today down 1.6%, extending the stock's 9.5% decline on Tuesday that 澳洲幸运5官方开奖结果体彩网:erased about $279 billion from Nvidia's 澳洲幸运5官方开奖结果体彩网:market capitalization.

The latest plunge comes after the chipmaker released fiscal 澳洲幸运5官方开奖结果体彩网:second-quarter results that beat analysts' estimates, but may have missed the market's lofty ജgrowth expectatওions for investors' AI darling.

Despite recent weakness, Nvidia shares have more than doubled year-to-date on surging demand for its AI chips.

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