Nvidia’s stock fell an additional

[si.nf.o.269]

FedEx Freight’s portfolio of solutions, which includes both priority and economy services, is also well-positioned to benefit from the long-term market dynamics shaping the LTL industry, Subramaniam said.Shares in AI chip designer Nvidia have continued their downward trajectory following reports that U.S. authorities are intensifying an investigation into potential breaches of competition laws. According to The Guardian, the U.S. Department of Justice (DOJ) has issued subpoenas to Nvidia and other tech giants, signaling a potential escalation in the ongoing antitrust investigation.

2.4% in after-hours trading, exacerbating polish phone number a near-10% plunge during the regular trading session. This massive sell-off erased $279 billion from Nvidia’s market value, leaving the company valued at $2.6 trillion. Per The Guardian, this represents the largest single-day drop in market value for a U.S. company in history. The DOJ’s subpoenas compel Nvidia and others to provide information under law, indicating that the government is seriously examining whether the company has engaged in anti-competitive practices.

Concerns have arisen that Nvidia may be making it difficult for clients to switch to other semiconductor suppliers and could be penalizing those who do not exclusively use Nvidia’s AI chips. Such actions would potentially violate antitrust regulations, bringing the DOJ closer to filing a formal complaint against the company. This latest stock decline occurred amidst a broader market downturn triggered by disappointing U.S. manufacturing data. The Institute for Supply Management’s August report showed that manufacturing contracted, with declines in new orders, production output and employment levels.