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.
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Britain on Tuesday ordered an in-depth investigation of Nvidia’s planned $50-billion-plus acquisition of UK-based chip designer ARM.
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.
Tesla’s ascent into the most exclusive of corporate clubs – the $1-trillion capitalisation set – has investors guessing on which company will be the next to join.
Tencent Holdings is set to lose its place among the world’s 10 largest companies by market value, leaving no Chinese names in the list.
Nvidia is likely to seek EU antitrust approval for its $54-billion takeover of British chip designer ARM early next month, with regulators expected to launch a full-scale investigation after a preliminary review.
Nvidia’s planned $40-billion acquisition of British chip designer ARM looks set to face a lengthy inquiry after a UK regulator found the deal would hit competition and could weaken rivals.
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.