Nvidia’s headquarters in Silicon Valley.
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NVIDIA The company on Wednesday denied reports that it had received a subpoena from the Justice Department over antitrust concerns.
“We have reached out to the Department of Justice but have not received a subpoena,” an Nvidia representative told CNBC, “However, we are happy to answer any questions regulators have about our business.”
Bloomberg reported Tuesday that Nvidia’s shares fell in after-hours trading after the company received the subpoena. The chipmaker’s shares had already fallen nearly 10% in regular trading on Tuesday.
The report did not clarify why regulators are interested in Nvidia, but the company’s recent rise is directly tied to its dominance in artificial intelligence chips for data centers, years before its competitors. Am and Intel We started taking this category seriously.
Nvidia controls more than 80% of the data center AI chip market, according to industry estimates.
“NVIDIA wins on merit, as reflected in our benchmark results and value to customers, so they can choose the solution that’s best for them,” Nvidia told CNBC.
