Finance
Nvidia reportedly targeted in antitrust probe: Yahoo Finance
US markets (^DJI,^GSPC, ^IXIC) are off to a rocky start in September after posting their worst day since early August.
Nvidia (NVDA) shares are under pressure after Bloomberg reported the Department of Justice has subpoenaed the company in an antitrust probe. Shares plunged yesterday, losing about $279 billion, the biggest intraday drop in market capitalization for a US stock in history. The chip sector has been under pressure after Nvidia’s earnings also disappointed investors despite posting a beat on both the top and bottom lines. Trending tickers on Yahoo Finance include ZScaler (ZS), GitLab (GTLB), and Clover Health Investments (CLOV).
Key guests include:
9:00 a.m. ET – Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist
9:45 a.m. ET – Brian Robins, GitLab CFO
10:00 a.m. ET – Mike Reynolds, Glenmere VP of Investment Strategy
10:20 a.m. ET – Bill Baer, Former Assistant Attorney General of the Antitrust Division, Brookings Visitor Fellow
11:00 a.m. ET – Christian Magoon, Amplify ETFs Founder & CEO