Nvidia faces scrutiny from US Justice Department over market practices: Latest News and Live Updates on September 4, 2024 – Hindustan Times

In a shocking development, Nvidia, one of the world’s leading technology companies, is facing scrutiny from the US Justice Department over its market practices. The Justice Department has reportedly issued a subpoena to Nvidia, raising questions about the company’s business practices and potential antitrust violations.

The news has sent shockwaves through the tech industry, with many analysts and experts speculating on the potential impact this investigation could have on Nvidia’s market dominance. Nvidia is known for its cutting-edge graphics processing units (GPUs) that are used in a wide range of applications, from gaming to artificial intelligence.

The subpoena comes at a time when Nvidia is already under pressure from competitors and regulators, with some accusing the company of engaging in anti-competitive behavior to maintain its dominant position in the market. The Justice Department’s investigation could potentially lead to fines or other penalties for Nvidia if it is found to have violated antitrust laws.

Nvidia has yet to comment on the subpoena or the allegations against it, but the company’s stock price has already taken a hit in response to the news. Investors and consumers alike will be closely watching the developments in this case, as it could have far-reaching implications for the future of the tech industry.

Stay tuned for more updates on this developing story as we continue to monitor the situation closely.