September is, historically, a bad month for the stock market.
So far, the month saw one of the largest single market cap declines in history: Nvidia (NASDAQ:NVDA) shed $279 billion on Tuesday, Sept. 3.
Yet, more bad news arrived before the dust cleared. The U.S. Department of Justice (DOJ) subpoenaed Nvidia and other companies as part of an investigation into potential antitrust law violations.
The DOJ is concerned that Nvidia may be engaging in anti-competitive practices, such as penalizing customers who do not exclusively use its chips or making it difficult to switch to other suppliers. These accusations came up in France one year ago.
Cramer: Nvidia Could Go Lower
CNBC's Jim Cramer urged investors to avoid panic selling, noting that DOJ has done this before.
"Nvidia could go lower, but if you are selling because of the Justice Department ...
