Nvidia says it wasn’t subpoenaed by the Justice Department

“Nvidia wins on value, as shown in our benchmark results and value to consumers, who can choose whatever option is best for them,” an Nvidia representative stated in a previous statement shown to Quartz.

U.S. authorities are reportedly concerned over problems that consist of exactly how Nvidia has made it hard for its consumers to collaborate with various other chip companies. The Department of Justice reached out to the chipmaker’s competitors, including Advanced Micro Tools and AI chip start-ups, to gather info, consisting of on accusations of intimidating clients that purchase items from competitors, and on Nvidia’s recent purchases of AI software program startups, The Information reported in August, pointing out unrevealed people knowledgeable about the matter.

The chipmaker was reported to have actually been subpoenaed by united state authorities on Tuesday by Bloomberg, which cited unnamed people accustomed to the matter. The Justice Division had also apparently subpoenaed other business for evidence after complaints that the chipmaker is perhaps violating antitrust laws.

“We have actually inquired with the U.S. Division of Justice and have not been summoned,” an Nvidia speaker claimed in a declaration shown to Quartz on Wednesday. “Nonetheless, we enjoy to address any type of concerns regulators may have about our business.”

Shares of the chipmaker dropped in after-hours trading on Tuesday after the Bloomberg record. Its shares were currently down 9.5% at the market close, resulting in a market capitalization loss of $279 billion– the largest-ever single-day decrease in market worth for an U.S. firm, according to Reuters. Nvidia primary exec Jensen Huang shed an approximated $9.8 billion from the plunge, according to Bloomberg.