Nvidia stock retreated in early trading Thursday, a day after the company's market cap topped $3 trillion.
Nvidia's dominant position looks to have attracted interest from regulators. The U.S. Justice Department is set to investigate whether the chip maker has violated antitrust laws, according to a report.
Technology stocks were muted early on Thursday after a strong session on Wednesday, with investment in artificial-intelligence technology still top of the agenda. Microsoft shares were up 0.1% in early trading as it faces regulators’ questions over its artificial-intelligence investment. The Federal Trade Commission is investigating whether Microsoft structured a deal to employ Inflection AI’s co-founder and almost all of its employees to avoid an antitrust investigation, The Wall Street Journal reported, citing people familiar with the matter.