Nvidia faces U.S. Justice Department antitrust investigation after rivals complain – NBC 5 Dallas-Fort Worth

• The U.S. Department of Justice has opened an antitrust investigation against Nvidia to investigate complaints that the giant was abusing its dominant position in the market for artificial intelligence chips, The Information reported.
• The Justice Department contacted Nvidia competitors such as AMD to gather information about the complaints, according to a report released Thursday.
• Nvidia shares fell 3.5% in pre-market trading amid a global sell-off in semiconductor stocks.

The US Department of Justice is investigating complaints that Nvidia allegedly abused its dominant position in the market for artificial intelligence chips, The Information reported.

The Justice Department contacted Nvidia competitors such as AMD to gather information about the complaints, according to a report released Thursday.

According to the report, investigators are looking into whether Nvidia charges its customers higher prices for products if they want to buy AI chips from competitors such as AMD.

The Justice Department is also investigating whether Nvidia pressured customers to buy additional products, such as cables that connect servers together, The Information reported.

Representatives from Nvidia and the Department of Justice were not initially available for comment when contacted by CNBC.

Nvidia shares fell 3.5% in pre-market trading amid a global sell-off in semiconductor stocks.

Read the full report here.