Naomi Buchanan

Sep 5, 2024 | investopedia.com | Naomi Buchanan

Key Takeaways Broadcom ( AVGO) is set to report third-quarter earnings after the bell, which could help chip stock recover after a slump in shares of Nvidia ( NVDA) and other semiconductor companies earlier this week. Nvidia shares lost ground Tuesday and Wednesday, erasing billions from the company's market capitalization amid concerns about the chipmaker's outlook and following reports that U.S. regulators sent the company subpoenas. Nvidia denied the reports.

Sep 4, 2024 | newsbreak.com | Naomi Buchanan

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Sep 4, 2024 | investopedia.com | Naomi Buchanan

Key Takeaways Artificial intelligence (AI) chip maker Nvidia ( NVDA) said Wednesday that it has not received a subpoena from the Justice Department, issuing a statement a day after reports that the government had reached out to the company as part of a potential antitrust investigation. "We have inquired with the U.S. Department of Justice and have not been subpoenaed," said a Nvidia spokesperson. " Nonetheless, we are happy to answer any questions regulators may have about our business".

Sep 4, 2024 | finance.yahoo.com | Naomi Buchanan

CFOTO / Future Publishing / Getty ImagesKey TakeawaysNvidia said that the company has not been subpoenaed by U.S. regulators. Reports on Tuesday indicated that the chipmaker received a subpoena from the Department of Justice as part of an antitrust investigation. Nvidia's shares fell again Wednesday, extending a recent decline that has cut into the stock's recent upward run.

Sep 3, 2024 | investopedia.com | Naomi Buchanan

Brazil's highest court affirmed Monday that Elon Musk's X platform (formerly Twitter) is suspended nationwide. Here's what you need to know. On Friday, Alexandre de Moraes, judge-minister of Brazil's Federal Supreme Court (STF), ordered the immediate suspension of X in Brazil until the company complies with the court's judicial decisions, pays related fines, and appoints a representative from X for the country.