NVIDIA shares fell and the company lost a record $278 billion in just one day

NVIDIA shares have fallen sharply again (by about 10%), resulting in the company losing $278 billion in market capitalization. Incidentally, this is a record loss. The reason for this is the ongoing antitrust investigation being conducted by the U.S. Department of Justice.

According to media reports, NVIDIA CEO Jensen Huang has been summoned to court. He is accused of monopolizing the market and engaging in actions aimed at eliminating competitors in the field of artificial intelligence.

The U.S. Department of Justice sees this as a threat to consumers, as chip prices continue to rise while performance is not increasing as quickly.

It is reported that the Department of Justice made attempts to negotiate with the company's management, but it continued to monopolize and sell shares at peak prices. In court, they seek to disclose all internal information about NVIDIA's activities.

Meanwhile, the Federal Trade Commission is conducting an antitrust investigation regarding Microsoft and OpenAI.