Nvidia Receives Chinese Approval For Long-Awaited Mellanox Deal [Yahoo! Finance News]
MELLANOX TECHNOLOGIES (MLNX)
Last mellanox technologies earnings: 4/23 04:05 pm
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Source: Yahoo! Finance News
China’s antitrust authority has announced a conditional approval for Nvidia’s NVDAMLNXEncouragingly the conditions only require the companies to not add bundles or other “unreasonable” requirements when selling devices in China.Following the reported approval, Bank of America analystVivek Arya“Our positive views on NVDA are based on its attractive organic prospects” he told investors.“However, we believe potentially adding highly complementary Mellanox high-performance computing/networking products could enhance NVDA’s critical data center segment, while adding new opportunities in 5G/edge computing” the analyst added.Meanwhile Susquehanna analystChristopher RollandIndeed, most of the Street shares this bullish outlook on the stock. According to TipRanks, Nvidia has a Strong Buy analyst consensus with 26 out of 30 analysts calling the stock a ‘buy.’ See Nvidia’s stock analysis on TipRanksHowever, Craig Hallum’sRichard ShannonShannon accused Nvidia is “vastly” outperforming the Philade
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