Friday, July 19

Tag: NVIDIA

Nvidia Surpasses Entire European Stock Markets Value
News

Nvidia Surpasses Entire European Stock Markets Value

The surging shares of Nvidia Corp. have propelled the U.S. company to a staggering market value surpassing the combined stock markets of entire European countries, as reported by Deutsche Bank Research. Investor fervor for Nvidia's (NVDA) stock has catapulted the artificial-intelligence chip maker to the top spot among U.S. companies on Tuesday, with a market value exceeding $3.3 trillion. Jim Reid, global head of macro and thematic research at Deutsche Bank Research, highlighted that in less than a month, Nvidia's market cap surpassed the total of all listed stocks in Germany, the UK, and France. Reid noted that Nvidia's market capitalization surged from 2 trillion to 3 trillion in just 30 trading days starting from April 24, with an additional trillion dollars added since M...
NVIDIA beats Intel and Microsoft, acquire Mellanox for $6.9 Billion
ACQUISITION

NVIDIA beats Intel and Microsoft, acquire Mellanox for $6.9 Billion

Tech-based company NVIDIA will acquire Mellanox for approx $6.9 billion beating other tech giants like Microsoft and Intel in the acquisition race. As per the report, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash. The deal will complete in the end of 2019. In the media report, Microsoft was interested in the acquisition of Mellanox. Then Intel came into the picture, looking to buy it for around $6 billion but in the end, NVIDIA emerged on the last day offer higher bid a $7 billion+ all-cash and seal the deal. The acquisition will unite two of the world’s leading companies in high performance computing (HPC). Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercom...