Nvidia's $40 billion planned Arm acquisition was dealt a blow by the FTC, but losing the deal isn't a massive loss for the company.
(Bloomberg) -- The highest flying of Wall Street’s stock-market darlings are now taking a major beating.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female Founders‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsAutomating the War on Noise PollutionReliving the New York Subway Map DebateTesla Inc., Netflix Inc., Nvidia Corp. and Facebook-owner Meta Platforms Inc. have all lost over 10% in the past few weeks. That wiped several hundreds of billions from their market val
Shares of Nvidia (NASDAQ: NVDA) rose 27.8% last month, according to data provided by S&P Global Market Intelligence, following another strong earnings report for the graphics specialist. Last month, Nvidia unveiled more details around its plans to the metaverse with its Omniverse software package. Nvidia's revenue growth has remained consistently high through the pandemic.