Nvidia outbids Intel for Mellanox purchase - reports [Seeking Alpha]
MELLANOX TECHNOLOGIES (MLNX)
Last mellanox technologies earnings: 4/23 04:05 pm
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Source: Seeking Alpha
Nvidia outbids Intel for Mellanox purchase - reports - Mellanox Technologies, Ltd. (NASDAQ:MLNX) | Seeking Alpha Tech | Top Nvidia outbids Intel for Mellanox purchase - reports Mar. 10, 2019 9:40 PM ET Mellanox Technologies, Ltd. (MLNX) Brandy Betz Nvidia (NASDAQ: NVDA Bloomberg CNBC sources The sale could be announced as soon as tomorrow and Nvidia is the leading bidder of a pack that also includes Intel (NASDAQ: INTC Mellanox has a market value of about $5.9B. Why Nvidia? Mellanox chips power high-speed networks connecting servers and would help Nvidia boost its chipmaking for data centers at a financially vulnerable time thanks to China weakness and the cryptocurrency mining bubble burst. Also benefitting: Activist investor Starboard Value, which is a Mellanox shareholder and last year reached a board member agreement with the company. Click to subscribe to real-time analytics on MLNX Now read: What Should I Do With My Intel Shares?
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