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.