Nvidia under investigation by DOJ over competitive practices
Nvidia, a leader in the artificial intelligence processor market, is under investigation by the US Department of Justice (DOJ). The probe, reported by The Information, focuses on allegations that Nvidia may have engaged in anti-competitive practices to maintain its market dominance. Specific concerns include potential restrictions placed on competition through product bundling and aggressive strategies aimed at deterring customers from engaging with competitors.
The investigation extends to accusations that Nvidia pressured cloud service providers into purchasing combinations of products, such as A100 or H100 GPUs and Mellanox-branded networking equipment, which could limit customer choices. Furthermore, the DOJ is scrutinising whether Nvidia imposed higher prices on networking equipment for customers who opted for AI processors from competitors like AMD and Intel.
Technical analysis of NVIDIA Corp. (NASDAQ: NVDA)
Here follows a review of NVIDIA's stock performance for potential trading opportunities:
Investors and traders should closely monitor the developments of this DOJ investigation, as it could significantly impact Nvidia's business practices and market positioning. The outcome could have long-term implications for Nvidia's operations and its relationship with customers and competitors in the highly competitive AI processor market.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The investigation extends to accusations that Nvidia pressured cloud service providers into purchasing combinations of products, such as A100 or H100 GPUs and Mellanox-branded networking equipment, which could limit customer choices. Furthermore, the DOJ is scrutinising whether Nvidia imposed higher prices on networking equipment for customers who opted for AI processors from competitors like AMD and Intel.
Technical analysis of NVIDIA Corp. (NASDAQ: NVDA)
Here follows a review of NVIDIA's stock performance for potential trading opportunities:
- Timeframe: Daily (D1)
- Current trend: the stock is currently in a downtrend, influenced by broader market negativity and the recent allegations
- Resistance level: 118.80 USD
- Support level: 102.40 USD
- Short-term target: if the downtrend continues and the support at 102.40 USD is breached, a short-term target could be set at 88.00 USD
- Medium-term target: with further negative momentum, the price could potentially decline to 75.50 USD
- Potential uptrend scenario: if market sentiment improves and Nvidia manages to navigate the investigation without significant damage, an uptrend could see the stock rise towards 130.00 USD
Investors and traders should closely monitor the developments of this DOJ investigation, as it could significantly impact Nvidia's business practices and market positioning. The outcome could have long-term implications for Nvidia's operations and its relationship with customers and competitors in the highly competitive AI processor market.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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