Nvidia Stock Dips Amid China's Antitrust Investigation
TL;DR Summary
The Dow Jones Industrial Average remained mostly flat as Nvidia shares fell 2.4% due to a Chinese antimonopoly investigation, while Palantir Technologies hit a record high after expanding a U.S. military contract. The Nasdaq and S&P 500 showed minor fluctuations, with the Russell 2000 gaining 0.8%. Interpublic Group surged nearly 10% on news of an acquisition by Omnicom, while Tesla and Apollo Global Management also reached record highs. Meanwhile, Advanced Micro Devices dropped 3.3% following a downgrade by BofA Securities.
- Dow Jones Flat As Nvidia Falls On China Probe; Palantir Reaches New High (Live Coverage) Investor's Business Daily
- Nvidia stock slides as China opens antitrust probe against AI chip heavyweight Yahoo Finance
- Dow Jones Futures: Techs Fall As China Probes Nvidia; Beware These Risks Investor's Business Daily
- China Targets Nvidia For Potential Breaches of Anti-Monopoly Law Bloomberg
- Nvidia shares fall after China opens investigation over possible violation of antimonopoly law CNBC
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