$NVIDIA(NVDA.US) is now facing a Justice Department antitrust probe, hours after Jensen Huang resigned as CEOSemafor rep…
$NVIDIA(NVDA.US) is now facing a Justice Department antitrust probe, hours after Jensen Huang resigned as CEO
Semafor reports multiple DOJ probes threaten to sweep up $NVIDIA(NVDA.US), with one antitrust probe focused on the chipmaker itselfTwo more DOJ probes target Megaspeed and $Super Micro Computer(SMCI.US) over the involvement of Alice Huang, the alleged Chinese spy at the center of the scandalOfficials say there is no indication the DOJ will seek criminal charges against $NVIDIA(NVDA.US) or Huang at this timeOn top of that, lawmakers on the Senate Finance and House Ways and Means committees are launching an investigation into the Trump administration's approval of $NVIDIA(NVDA.US) chip exports to China, per Reuters$NVIDIA(NVDA.US) is still down about 5% near $165, after crashing as much as 14% at the openThe CEO is gone, but the questions are just getting started. Washington is now pulling on every thread, and that overhang can sit on the stock well past next Tuesday's earningsSource: StockMarket.News
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