Nvidia faces DOJ inquiry over $13 billion Hugging Face deal

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Nvidia faces DOJ inquiry over $13 billion Hugging Face deal
  • The DOJ is investigating Nvidia and has asked it for information on how its $12.9 billion Hugging Face acquisition could affect competitors.
  • Reuters first reported the inquiry; CNBC confirmed the probe with a source familiar with it.
  • The Hugging Face deal, announced in September, is Nvidia's second-biggest purchase after its $20 billion Groq asset deal, which also drew DOJ scrutiny.
  • The DOJ is also continuing a yearslong probe into Nvidia's conduct, according to Reuters as cited by Bloomberg.
  • Nvidia declined to comment.

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