LONDON (Reuters) – Nvidia shares fell 2.3 percent in Frankfurt on reports that the U.S. government had launched an antitrust investigation into the company following complaints from rival chipmakers and a broader sell-off in tech stocks.
The Information reported Thursday that the Department of Justice has launched an investigation into Nvidia after competitors alleged that the company may have abused its market power in selling chips that power artificial intelligence.
Nvidia shares closed down 6.7% in New York on Thursday, down about 22% from their all-time high hit in June, following a sell-off in global technology stocks throughout July.
The company’s shares fell 2.3 percent in Frankfurt.
(Reporting by Amanda Cooper and Alan John Editing)
