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.
