On September 3rd local time, the US stock market fell sharply across the board, with chip stocks becoming the "hardest hit areas" of the decline. Nvidia opened low and closed down 9.53%, marking the largest daily decline since late April this year. Its total market value evaporated by $278.9 billion (approximately RMB 1986.2 billion) overnight, and the latest total market value was $2.65 trillion.
According to media reports, the US Department of Justice, which is collecting evidence of Nvidia's violation of antitrust laws, has recently issued subpoenas to the chip manufacturer and other companies, upgrading its investigation into the tech giant that dominates the field of artificial intelligence computing. This move means that the US government's investigation has taken another step towards formal prosecution.
Insiders say that antitrust authorities are concerned that Nvidia is making it more difficult for customers to switch to other suppliers and punishing buyers who do not only use its artificial intelligence chips.
The media reported on this investigation in June. Investigators are also contacting other technology companies to gather information.
According to reports, since Nvidia released its performance report last week, its stock price has fallen by a cumulative 14% in three trading days.
(Yangcheng Evening News · Yangcheng Pai Comprehensive China Securities News, Pengpai News, etc.)