Nvidia failed to impress investors with its latest forecast, a sign of the lofty expectations for the most valuable US chip maker.
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Nvidia is quietly preparing to abandon its purchase of ARM from SoftBank Group after making little to no progress in winning approval for the $40-billion deal.
When Nvidia announced plans to buy ARM, the deal was more than just the chip industry’s largest-ever acquisition. Now its audacious plan is in peril.
The US Federal Trade Commission has sued to block US chip company Nvidia’s more than $80-billion planned acquisition of British chip technology provider ARM.
Nvidia, the world’s largest chip maker by market value, gave an upbeat forecast for the fourth quarter, fuelled by its expansion into data centres.
Nvidia extended its rally on Tuesday, briefly driving the company’s market value over $800-billion.
Euphoric gains in Nvidia over the past month have made the stock one of the most expensive names in the red-hot chip-making industry.
Nvidia got rich on 3D videogames. Now it’s ready to remake the Internet as a 3D place.
The UK is considering blocking a takeover of ARM by Nvidia due to potential risks to national security, according to people familiar with the discussions.
Nvidia forecast second quarter revenue above analysts’ estimates on Wednesday. However, it could not say how much of its recent revenue rise was driven by the cryptocurrency market.