Nvidia faces DOJ antitrust scrutiny over $12.9B Hugging Face deal, Reuters says

What happened: The U.S. Department of Justice is probing NVIDIA's (NASDAQ:NVDA) planned $12.93 billion acquisition of Hugging Face, per Reuters, as part of a broader multi-year antitrust investigation into the chipmaker. Key numbers: Deal value $12.93 billion. NVDA shares fell 1.7% in Wednesday trading. Why it matters: Enforcers are examining whether the deal would give Nvidia control of a key distribution channel for AI models and software. The inquiry also covers sales tactics, investments, and prior deals including Run:ai and SchedMD. Market: -1.2% today ($215.38), +14.2% YTD, 0.9x vol — as of 21:17 UTC Coverage: 4 outlets in 24h

The U.S. Department of Justice is probing NVIDIA's (NASDAQ:NVDA) planned $12.93 billion acquisition of Hugging Face, per Reuters, as part of a broader multi-year antitrust investigation into the chipmaker.

Enforcers are examining whether the deal would give Nvidia control of a key distribution channel for AI models and software. The inquiry also covers sales tactics, investments, and prior deals including Run:ai and SchedMD. Market: -1.2% today ($215.38), +14.2% YTD, 0.9x vol — as of 21:17 UTC