Nvidia (NVDA) stock inched lower on Sept. 10 following reports that the U.S. Department of Justice (DOJ) is intensifying its regulatory scrutiny of the titan’s $17 billion deal with artificial intelligence (AI) startup Groq.
As investors reacted to the DOJ news, NVDA tanked below its 20-day moving average (MA) today, indicating the downward momentum may sustain in the near term.