Nvidia stock tanked 3.4% in premarket trading

Tiger Newspress2021-04-19

Nvidia stock tanked 3.4% in premarket trading because UK intervenes in Nvidia's takeover of ARM on national security grounds.

Britain said on Monday it would intervene in SoftBank's sale of chip designer ARM Holdings to U.S. group Nvidia on national security grounds.

Digital Secretary Oliver Dowden said: "Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds.

"As a next step and to help me gather the relevant information, the UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions."

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Comments

darrentanjm
2021-04-19
darrentanjm
Always buy on weakness
qmc
2021-04-19
qmc
Buy buy buy
- RJ291220:
  Indeed it is a good buy opportunity.
kerukel88
2021-04-19
kerukel88
Oh no
cweida
2021-04-19
cweida
Chance to buy [微笑]
Chnhwngchng
2021-04-19
Chnhwngchng
Oh no
CWen
2021-04-19
CWen
?
- CWen:
  ?

Leave a comment

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