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Nvidia (NVDA) shares remain under pressure as, according to a Bloomberg report, the Department of Justice sent Nvidia a subpoena over possible antitrust violations.
Moor Insights & Strategy Founder, CEO and Chief Analyst Patrick Moorhead joins Morning Brief to give insight into Nvidia’s recent performance, its potential legal troubles, and how the company can turn it around.
Moorhead explains why Nvidia could get into trouble later on: “Nvidia has over 90% of the data center GPU market. It is technically a monopoly and in a hot market and an important market to society, like AI, that just sends off red flares out there.”
To keep investors happy, Moorhead claims: “What Nvidia can be doing is to continue to have the highest-performance computing in the data center to solve the problems of the hyperscalers and the enterprises in the tier two CSPs.”
Read more about Nvidia’s plunge here.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Nicholas Jacobino
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