WEBVTT

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- It's been a bad week for Nvidia.

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On Tuesday, the Chipmaker
shares closed down 9.5%,

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resulting in a market
capitalization loss of $279 billion,

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the largest ever single
day drop in market value

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for a US company.

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According to Reuters,

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NVIDIA's falling shares likely
reflect unimpressed investors

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who want more from the king of AI chips.

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Although the chip maker
reported record second quarter

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revenue of 30 billion
for fiscal year 2025,

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up 122% from a year ago, its
third quarter revenue guidance

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of around 32

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and a half billion
dollars was only slightly

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above the average analysts we're expecting

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and below top end estimates.

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NVIDIA's shares continued falling in

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after hours trading on Tuesday

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after a report that the
CHIPMAKER had been subpoenaed

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by the US Department of
Justice over complaints

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that it is violating antitrust laws.

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The Justice Department
also subpoenaed other

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companies for evidence.

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After initially sending
questionnaires about

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NVIDIA's business practices.

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Bloomberg reported citing unnamed people

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familiar with the matter.

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The reported subpoena

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and NVIDIA's subsequent denial

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of it haven't stopped
the bleeding share price.

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The stock is down over 11% this week

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and Tuesday saw off reportedly
caused its chief executive

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over $10 billion on Thursday.

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The Chipmaker shares were up
slightly during midday trading.

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So far this year, the company
stock has climbed around 122%.

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I'm Brittany WAN reporting for Quartz.

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Thanks for watching and stick with qz.com.