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Nvidia's $20 Billion Groq Deal Queried by Warren, Blumenthal [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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over whether it violates antitrust laws by improperly avoiding a merger review and illegally consolidating its power in the market for AI computing. Senators Elizabeth Warren from Massachusetts and Richard Blumenthal of Connecticut sent Nvidia Chief Executive Officer Jensen Huang a letter on Thursday night, asking for additional information on the deal, which they said appeared to have been structured “to evade scrutiny by antitrust regulators.” Most Read from Bloomberg Russian Oil Bound for China Is Diverted as India Grabs More Trump References Pearl Harbor as Iran War Tests US-Japan Alliance DOJ, White House Clear Way for Pirro to Keep Powell Probe European Gas Jumps After World's Top LNG Plant Hit by Iran Iran Leaves an Isolated Trump Grappling With Historic Oil Crisis In their letter, the senators wrote, “We are concerned that this takeover could stifle competition, further entrenching Nvidia's dominance in the AI chip industry and ceding our technological leadersh
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- Super Micro shares tank 33% after employees charged with smuggling Nvidia chips to China [MSNBC.com][MSNBC.com]
- Nvidia's $20B Groq Deal Draws US Antitrust Questions [Yahoo! Finance][Yahoo! Finance]
- AI boom is fueling demand for skilled trades—and demand for technicians, HVAC workers, and electricians is soaring, with six-figure salaries to match [Fortune][Fortune]
- 3 AI Stocks Trading at Bargain Prices After the Recent Sell-Off [Yahoo! Finance][Yahoo! Finance]
- Supermicro stock plunges 26% after US charges co-founder with conspiracy to smuggle Nvidia chips to China [Yahoo! Finance Canada][Yahoo! Finance Canada]
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