Nvidia shares slipped 1% on Wednesday after reports that the U.S. Department of Justice asked how its planned acquisition of Hugging Face could affect AI competition, including whether Nvidia could control a key distribution point for AI models and tools. The questions add to a years-long antitrust probe of Nvidia that began under former President Joe Biden and reportedly covers its acquisitions, investments, sales practices and whether it has pressured customers, with past deals such as SchedMD, Groq's licensing deal and Run.ai also examined. Nvidia announced in early September that it agreed to buy Hugging Face for about $12.93 billion, including roughly $11.9 billion payable to investors and an equity-based retention program of up to about $1 billion for employees. Jensen Huang has pledged that the platform will remain open to models, frameworks, clouds and computing platforms across the industry, and that Nvidia's chips will not be required to use it. The deal is expected to close in the first half of 2027.
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NVDAartificial intelligencemergers and acquisitionsantitrust
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NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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