Nvidia Corp. NVDA might find itself in the crosshairs of an antitrust lawsuit akin to Apple, speculates “Mad Money” host Jim Cramer.
Antitrust Alarm Bells: Cramer’s suggestive observation stems from reports of the U.S. Department of Justice (DOJ) investigating Apple Inc. for alleged antitrust violations.
The televangelist of the financial world remarked, “Believe me, between this Justice Department and FTC, they would go after Nvidia as a monopolist.”
Nvidia has been reticent, failing to offer a timely response to Benzinga’s request for elucidation.
The DOJ seems poised to file a lawsuit accusing Apple of breaching antitrust laws by restricting competitors’ access to iPhone hardware and software attributes.
This ongoing saga traces back to 2019 when the case was set in motion during the Trump administration.
The dance card of the antitrust division was filled with the takedown of Alphabet Inc.’s Google, allowing Apple’s lawsuit to gather dust as Epic Games took on the tech giant for monopolistic practices in 2020.
Insights Galore: Apple Accused Of Illegally Maintaining iPhone Dominance In Planned DOJ Legal Challenge
Significance for Investors: The U.S. Federal Trade Commission (FTC) wielded the sword of justice against anticompetitive behavior in the tech realm a year prior.
The year 2023 witnessed the FTC dueling to halt Microsoft Corp.’s absorption of video game titan Activision Blizzard, citing detrimental consequences to consumer choice and market competition.
A star-studded cast, featuring Microsoft CEO Satya Nadella, Xbox head honcho Phil Spencer, and then-Activision Blizzard CEO Bobby Kotick, graced the courtroom stage to champion the merger.
Dive deeper into Benzinga’s Consumer Tech stories by checking out this link.
Get the latest scoop: Did Donald Trump Tap Elon Musk For Cash In Florida? Tesla CEO Discloses on Don Lemon’s Broadcast: ‘I Refuse to Pay His Legal Fees’
Reminder: This article was partly crafted with the support of Benzinga Neuro and underwent meticulous scrutiny by Benzinga editors.
Image Credit: Shutterstock
