Nvidia slides further in post-market trading after plunge that wiped out almost $300 billion in market cap

that the company received a subpoena from the Department of Justice as part of an antitrust investigation.off its market cap.

The DOJ probe has not reached the stage of a formal complaint, according to Bloomberg, and the agency is asking questions about whether Nvidia makes it harder to switch to other suppliers of AI chips. Nvidia hasNvidia's huge rise in recent years has been directly tied to its dominance in AI chips for data centers, established years before competitors AMD and Intel started taking the category seriously.

Many of Nvidia's top customers are cloud companies as well as internet giants, including Microsoft, Alphabet, Meta, Amazon, and Tesla.and marketed its networking products as important compliments to get the most out of its chips., an example of Nvidia's effort to move from being a mere parts supplier to an entire systems provider.

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