Nvidia, GitLab CFO, retail earnings: Morning Brief

Following in the footsteps of August's tech-led sell-off, equities (^DJI, ^IXIC, ^GSPC) could be in for an even rougher start to September. Shares of chipmaker Nvidia (NVDA) are tumbling lower, erasing nearly $280 billion in market cap and compounded by the subpoena it was served by US Department of Justice (DOJ) officials, according to a Bloomberg report.

Brad Smith and Madison Mills are here to guide investors through the beginning of their trading day, tackling market-moving stories and speaking to Wall Street experts.

The Morning Brief welcomes Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead to explain the specific antitrust violations the DOJ could be pursuing against Nvidia.

Charles Schwab chief global investment strategist Jeffrey Kleintop examines the unwinding in Big Tech and discusses its correlation to trends in the yen carry trade.

GitLab (GTLB) CFO Brian Robins comes onto the program to discuss the software company's challenges in navigating and overcoming a "cautious" tech spending environment.

Other top trending stocks on the Yahoo Finance platform include Zscaler (ZS), Asana, Inc. (ASAN), and Apple (AAPL).

This post was written by Luke Carberry Mogan.