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Nvidia shares fall 2% in Frankfurt after media report of US probe
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Nvidia shares fall 2% in Frankfurt after media report of US probe
Aug 1, 2024 11:50 PM

LONDON (Reuters) - Nvidia ( NVDA ) 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 ( NVDA ) after competitors said it may have abused its market dominance in selling chips that power artificial intelligence.

Nvidia ( NVDA ) 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.

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