Items tagged with (nasdsaq:nvda)

Last week we reported that NVIDIA was keenly interested in purchasing Arm Holdings in an effort to bolster its growing chip ambitions. Softbank acquired Arm back in 2016 for $31.4 billion, but recently has been looking for a buyer to take the company off its hands as it looks to pay down its debt. A new report from Bloomberg alleges that NVIDIA and Softbank are getting even closer to an acquisition deal for Arm. In fact, sources for the publication allege that a deal could be reached “in the next few weeks”. Further solidifying NVIDIA’s chances at securing a deal for Arm, it’s being reported that NVIDIA is the only company currently in any... Read more...