Nvidia (NVDA) shares remain under pressure as, according to a Bloomberg report, the Department of Justice sent Nvidia a subpoena over possible antitrust...
Moor Insights & Strategy Founder, CEO and Chief Analyst Patrick Moorhead joins Morning Brief to give insight into Nvidia 's recent performance, its potential legal troubles, and how the company can turn it around.
That's according to reporting from Bloomberg here is more, we've got Patrick more ahead, more insights and strategy founder, Ceo and chief analyst, Patrick.So first of all, uh as your previous guest said, it's not illegal to have a monopoly.And NVIDIA has over 90% of the data center GP market. Now, the challenge here for the competitors is, is these are always a 10 year affair from the beginning of a complaint uh to a verdict to, to even uh some type of um appeal.
Uh What happens is other jurisdictions, let's say the Eu Korea uh Taiwan, uh other areas of the world they see the Doj doing this and it, it gives freedom.Well, Patrick, I would be remiss to not talk to you about the stock performance while we've got you. But it's really, I think investors know particularly institutional investors that any type of Department of Justice uh ruling.Uh what NVIDIA can be doing uh is to continue to have the highest performance uh computing uh in, in the data center uh to solve the problems of the hyper scalars and the enterprises.
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