Nvidia metaverse future bright even as Arm may slip from grasp [Reuters]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Reuters
Dec 3 (Reuters) - Nvidia Corp's (NVDA.O) dreams of acquiring British chip technology provider Arm for a hefty price of over $80 billion may not materialize, but analysts believe the chipmaker has plenty to focus on as it pushes into the metaverse. On Thursday, the U.S. Federal Trade Commission sued to block the deal, which has been mired in global regulatory scrutiny. read more Nvidia's shares fell about 3% on Friday morning. Analysts have long believed that the chances of the deal getting through are slim to none. "Even if Nvidia does not complete its ARM Holdings acquisition, demand for NVIDIA AI continues to accelerate," Tigress Financial Partners' Ivan Feinseth said, adding that "Nvidia is all about AI and the Omniverse/metaverse." Nvidia, the world's biggest maker of AI chips and graphics, has been doubling down on its data center business as more internet companies invest in the metaverse -- an online realm that connects people through augmented and virtual reality. The blockbu
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