DOJ probes Nvidia's $12.93B Hugging Face deal over AI competition concerns
The US Department of Justice is examining how Nvidia's $12.93 billion acquisition of open-source AI platform Hugging Face could affect competition in AI, per Reuters. The inquiry is part of broader antitrust scrutiny of Nvidia's conduct, raising the prospect of regulatory friction for one of the largest AI deals of the year.
Source:
Reuters: https://www.reuters.com/world/us-doj-is-inquiring-about-nvidias-purchase-hugging-face-sources-say-2026-10-28/
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End-of-day recap
The Fed held rates steady on Oct 28, 2026, while AI hardware earnings drove the largest single-stock moves of the session.
The Fed held rates steady on Oct 28, 2026, while AI hardware earnings drove the largest single-stock moves of the session. The S&P 500 closed at 7,744.20 (+0.28%), the Nasdaq at 26,549.85 (+0.27%), the Dow at 52,475.10 (+0.19%) and the Russell 2000 at 2,830.51 (+0.41%). The VIX fell 3.48% to 16.91; the 10-year yield sat at 5.05%.