Nvidia denies receiving DOJ subpoena amid possible antitrust investigation

On Wednesday, a spokesperson for Nvidia stated that the company did not receive a subpoena from the U.S. Justice Department. The spokesperson mentioned that they had inquired with the Department of Justice and confirmed that no subpoena had been issued. Despite this, Nvidia expressed its willingness to address any inquiries from regulators regarding its business practices.

This statement comes in response to a report by Bloomberg News, which suggested that the Justice Department had sent a subpoena to Nvidia as part of a potential antitrust investigation. According to the report, the issuance of subpoenas to other companies in addition to Nvidia indicates a significant escalation in the probe.

In recent weeks, the Justice Department has been questioning tech companies about Nvidia's business practices, specifically its hardware bundling practices. Furthermore, officials are scrutinizing Nvidia's recent acquisition of the Israel-based Run:AI for a reported $700 million in April. The purpose of this examination is to determine whether the acquisition could potentially strengthen Nvidia's dominance in the artificial intelligence computing market.

Ongoing Investigation

The Justice Department's investigation into Nvidia's business practices and acquisitions reflects its growing scrutiny of the company amid concerns about potential antitrust violations. As the probe continues, Nvidia remains open to cooperating with regulators and providing any necessary information to address their questions.

The unfolding situation highlights the increasing regulatory attention on tech companies, particularly in relation to their business practices and acquisitions within the rapidly evolving artificial intelligence sector.