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NVIDIA Corporation pulls out of Arm acquisition
Softbank said it would proceed with plans to list Arm on the stock exchange
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NASDAQ:NVDA
Nvidia Corp is a market leader in visual computing technology, creating products that enhance the interactive experience on consumer and professional computing platforms. The company's graphics and communications processors are used in a wide variety of computing platforms, including consumer digital-media PCs, enterprise PCs, professional workstations, digital content creation systems, notebook PCs, military navigation systems and video game consoles.
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Softbank said it would proceed with plans to list Arm on the stock exchange
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Analysts believe the deal is in peril as it faces regulatory obstacles around the world
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UK and European competition watchdogs are said to be against the deal
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The US$40bn acquisition of ARM Holdings is still up in the air, but the US company is confident of sealing the deal
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Graphics cards are popular with crypto miners due to their ability to solve the complex mathematics required to verify blockchain transactions
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The Dow gave back most of its gains ahead of the close, ending up 10 points at 34,323
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Dowden said the CMA would prepare a report by the end of July
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The company has tripled first quarter revenue estimates for its CMP product, which is designed specifically for industrial-scale crypto mining, to US$150mln
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Nvidia agreed to buy Cambridge-based ARM for US$40bn from Softbank in September
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A bundle of deals from major tech groups also drove US stocks higher
Senior research analyst Lisa Chai says the Boston company’s Vuforia platform is ‘transforming business models’ by integrating augmented reality
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The self-driving motorbikes and cars in Westworld are so near reality that the ROBO Global Index Series includes companies developing the technology
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Taiwan Semiconductor Manufacturing Company observed increasing orders for 7nm smartphone chips
Boeing stock fell after a plane crash, and Nvidia's agreement to buy Mellanox boosted shares of both companies
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ROBO Global research director Jeremie Capron said Nvidia had a ‘significant’ tech advantage over its competitors, a multi-year lead reflected in its market leadership in GPUs especially when it comes to artificial intelligence applications
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The Dow finished in the green, but both the Nasdaq and the S&P 500 languished in the red
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A look at global stock markets and US futures ahead of the New York bell
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A look at global stock markets and US futures ahead of the New York bell
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European chipmaker STMicroelectronics also added to the cheer in the sector
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Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies