NVIDIA Lost Nearly $280 Billion in Value in 1 Day

NVIDIAhas been on the rise in recent years thanks to its moves in the field of artificial intelligence. So much so that the US technology giant increased its market value to over $3 trillion, at one point surpassing Apple and Microsoft to become the world’s most valuable company. It had been in the top 3 on this list for a long time.

However, today there was a development that seriously affected the company. An investigation by the US Department of Justicecausing the company’s shares to hit rock bottom.

It lost nearly $280 billion in value in one day

NVIDIA shares, which rose to around $135 in June, For 105 dollars It fell to . When the markets closed, From $108 At the time of writing, it is still trading at $108.

Naturally, this huge drop in the stock has seriously affected the market value of the company. The technology giant, Around 278 billion dollars in 1 day with loss suffered one of the biggest daily losses in history. Currently 2.649 trillion dollars It is the 3rd most valuable company in the world by value.

NVIDIA accused of forcing other companies to use its products

The ministry’s move was first reported yesterday by Bloomberg. The company’s US violated antitrust laws The ministry has issued subpoenas to NVIDIA and several other companies, which means the companies will be required to testify about the allegations.

The decision was quickly reflected in the market and caused shares to fall. According to sources close to the matter, officials said that NVIDIA had only restricted other companies from using its own AI chips and services. that you forced He also thinks that companies are preventing them from working with other chip manufacturers, and even those who do not use their products. “punished” even among the allegations.