Nvidia Denies Receiving Subpoena

By Max A. Cherney
(Reuters) – Nvidia did not receive a U.S. Justice Department subpoena, a spokesperson stated on Wednesday.

“We have inquired with the U.S. Department of Justice and have not been subpoenaed. Nonetheless, we are happy to answer any questions regulators may have about our business.”

Bloomberg News reported on Tuesday that the Justice Department had sent a subpoena related to a potential antitrust investigation, which would signal an escalation in the probe. Bloomberg News noted that subpoenas had been sent to other companies in addition to Nvidia (NASDAQ: NVDA).

The Justice Department has been asking tech companies about Nvidia’s business practices in recent weeks, including inquiries about the company’s hardware bundling practices, according to two sources familiar with the investigation.

The Justice Department did not immediately respond to a request for comment.

In addition to questions about bundling, Justice Department officials are examining a recent acquisition of the Israel-based Run:AI for a reported $700 million in April. Officials are probing whether this purchase could further increase Nvidia’s control over the artificial intelligence computing market.