SoftBank Closes in on $40 Billion Deal to Sell Arm Holdings to Nvidia

SoftBank group is preparing a cash and stock deal to sell Arm Holdings to Nvidia Corporation. The deal will bring more than $40 billion dollars. SoftBank purchased Arm, the British chip designer four years ago for $32 billion dollars.

Nvidia stock has been up 185% over the last 12 months compared to the S&P 500 15% gains. NVIDIA recently acquired Mellanox, a provider of networking products and solutions for data centers for $7 billion.

The RTX 30 graphics cards are well  anticipated  this holiday season, with new games launching along with the new consoles from Sony and Microsoft.

Nvidia is a super charged  growth industry player whose chips run the intense calculations for graphics, videogaming,  and cloud-computing

Bank of America analyst Vivek Arya placed  buy rating on Nvidia to up his  forecast from $600 to $650 a share.

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SoftBank Japans Tech Giant Rise On Investments

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