Why Nvidia Stock Short-Circuited This Morning
Shares of Nvidia (NASDAQ: NVDA) had dipped 2% as of 10:22 a.m. EDT Tuesday, possibly in response to an article in the British newspaper The Telegraph over the weekend. In that report, the paper described rising opposition to the semiconductor giant acquiring its British peer, Arm Holdings, from SoftBank Group (OTC: SFTB.Y) in a deal valued at $40 billion. And in particular, The Telegraph mentioned the arrival of a new critic of the deal: Elon Musk.
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As The Telegraph reports, an ongoing U.S. Federal Trade Commission examination of Nvidia's deal to acquire Arm has already attracted support from corporate giants Amazon (NASDAQ: AMZN) and Samsung, which worry that a combined Nvidia and Arm would dominate the supply of data-center chip designs.
Source Fool.com
