Mellanox Technologies, 3dfx Interactive, MediaQ, and Hybrid Graphics were all acquired by the leading supplier of graphics processors. Read More...
Motley Fool
Why Nvidia Stock Dipped Today, Then Rebounded
Nvidia (NASDAQ: NVDA) stock was down by as much as 3% at 10:35 a.m. ET Tuesday — before turning around, erasing its losses, and heading higher in early afternoon trading. The reason for the sell-off was no great mystery: Nvidia just called off its planned acquisition of Arm Holdings from Softbank (OTC: SFTB.Y). As Reuters reported Monday night, Nvidia and Softbank have “shelved” their planned deal for the former to buy the latter’s Arm Holdings semiconductor subsidiary — a deal that started out valued at just $40 billion, but had soared to the point where it would have cost the buyer something closer to $65 billion, thanks to Nvidia’s gravity-defying stock price.
