Open in App
  • U.S.
  • Election
  • Newsletter
  • Reuters

    Nvidia shares fall 2% in Frankfurt after media report of US probe

    By Reuters,

    3 hours ago
    https://img.particlenews.com/image.php?url=2mS5iV_0ulF7VOY00

    LONDON (Reuters) - Nvidia shares fell 2.3% in Frankfurt on Friday, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival chipmakers, and alongside a broad sell off in tech stocks.

    The Information reported on Thursday that the Department of Justice has launched an investigation into Nvidia after competitors said it may have abused its market dominance in selling chips that power artificial intelligence.

    Nvidia shares closed down 6.7% on Thursday in New York, some 22% below June's record high, following a rout in technology global stocks over the course of July.

    Shares in the company were down 2.3% in Frankfurt.

    (Reporting by Amanda Cooper; Editing by Alun John)

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0