We keep asking if the numbskulls in charge of Washington these days have some kind of diabolical plan to destroy the country.
That’s the only plausible takeaway from this Bloomberg headline yesterday:
Bloomberg reports:
The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors…
Antitrust officials are concerned that Nvidia is making it harder to switch to other suppliers and penalizes buyers that don’t exclusively use its artificial intelligence chips, according to the people, who asked not to be identified because the discussions are private.
So the company that in just a few years has reached a market cap of $2.5 TRILLION for their mostly American shareholders is now a villain that the Biden regulators are suing? For making TOO MUCH money? If Nvidia were losing money no doubt the government would be throwing them billions of dollars of bailout money.