And since Nvidia’s first proposal, Arm has nearly doubled in value from $40 billion to $75 billion in a little over a year.Īfter finding ‘significant competition concerns’ during its initial investigations, the UK’s Competition and Markets Authority (CMA) has begun a full ‘phase 2’ probe into the proposed merger. Moreover, the company is widely viewed as a showpiece for the UK technology sector. Arm’s cutting-edge energy-efficient chip architectures are used in 95% of smartphones worldwide. The move was met with immediate national security and anti-trust opposition. Nvidia first expressed an interest in taking over its privately held rival in September 2020. Nvidia share price: just out of Arm’s reach And in the past three weeks, it’s fallen 12% to $294, as its proposed multi-billion-dollar takeover plan for UK rival Arm comes under fire.
However, Nvidia was trading for only $116 as recently as March. And record demand for the technology is set to continue. Nvidia’s core product, semiconductors (or microchips) are often likened to the ‘brain cells’ of a computer, as the nucleus is to a biological cell. By comparison, the NASDAQ Composite Index rose roughly 200% over the same timescale. On 29 November 2021, it had made a modest gain of 6,580%, reaching a record $334. In mid-2015, the microchip specialist was a penny stock by US standards, trading for under $5 a share. The Nvidia (NASDAQ: NVDA) share price is a US stock success story.
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