Dept of Justice studying Nvidia's $12.9B acquisition of Hugging Face - Reuters (NVDA:NASDAQ)

Nvidia (NVDA) is under DOJ antitrust scrutiny for its $12.93B acquisition of Hugging Face, part of a broader probe into its business practices. Shares fell 1.7% on the news. The DOJ is investigating whether the deal could give Nvidia control over AI model distribution. Nvidia maintains the platform will support rival processors. The probe also includes Nvidia's sales tactics and past acquisitions. According to Reuters, the investigation has spanned multiple political cycles.

Nvidia (NVDA), Micron (MU), and AMD (AMD) shares rose on Wednesday following SK Hynix's record quarterly profit and $25B+ shareholder returns. The gains reflect optimism in the AI chip industry, with Nvidia supplying AI accelerators and AMD competing in data-center processors.

The US DOJ is investigating Nvidia's $12.93B acquisition of Hugging Face, focusing on potential competition impacts in AI. The probe also covers Nvidia's acquisitions, investments, and sales practices. Nvidia expects the deal to close by mid-2027, with Hugging Face continuing to support diverse chip and AI providers. The DOJ's investigation, ongoing since the Biden administration, continues under Trump's leadership, but no action is guaranteed.

Nvidia (NVDA) launched RTX Spark Windows laptops with AI features, priced from $2,599. The company partners with major manufacturers. Shares declined modestly. NVDA's GF Value™ suggests undervaluation at 48.1% below its intrinsic value estimate. The GF Score™ is 96/100, highlighting strong financial health and growth.

Vertiv (VRT) shares rose 14% after strong Q3 results, with revenue up 60% YoY to $4.31B and adjusted EPS of $2.21, both exceeding estimates. The company raised its Q4 and full-year forecasts, citing strong global demand. Vertiv is a partner of Nvidia (NVDA) and provides data center infrastructure. Shares are up 45% YTD but still below May's record high.

Nvidia announced supplier agreements with Ibiden, Samsung Electro-Mechanics, Unimicron, Amkor, KYEC, and Siliconware to increase AI chip production capacity 2.5x over three years. The deals involve facility expansions and investments, with full capacity expected by 2028. Nvidia aims to address supply constraints affecting its AI revenue growth, according to the company.