• NVIDIA Corp's (NASDAQ: NVDA) reported plan of not proceeding with the acquisition of semiconductor licensing company Arm, a move that would be a "net positive" for the chip company, Bank of America said.

  • Vivek Arya, who reiterated a Buy on the stock, said that the scenario would benefit Nvidia, given that the deal faces "considerable regulatory pushbacks" worldwide, including in the U.S., U.K., and China.

  • Related Content: Nvidia Quietly Looks To Dump Its Arm Ambitions

  • In addition, Nvidia does not need to own Arm to use its tech to expand in the data center, and Arm's smartphone sales are "highly growth dilutive" and not worth the $55 billion – $60 billion that the cash and stock value equate to.

  • Price Action: NVDA shares traded higher by 5.59% at $235.72 on the last check Wednesday.

Latest Ratings for NVDA

Nov 2021

Deutsche Bank

Maintains

Hold

Nov 2021

Truist Securities

Maintains

Buy

Nov 2021

Needham

Maintains

Buy

View More Analyst Ratings for NVDA
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