Comfirmed: Nvidia Is Buying ARM from SoftBank for $40 Billion

$NVIDIA (NVDA.US)$ has confirmed a deal to buy British chipmaker Arm Holdings from $SoftBank Group (ADR) (SFTBY.US)$, Valued at $40 billion, the transaction is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin and non-GAAP earnings per share.

NVIDIA has a higher price to earnings ratio than the average company (27.79) in the semiconductor industry, which indicates that the market is optimisitc about its future.

“Our combination will create a company fabulously positioned for the age of AI.” — Jensen Huang, founder and CEO of NVIDIA

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curtaincall : Intel is the earliest, shareholders have higher expectations on NVDA tho

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PREMOSULTRAA curtaincall : Agreed. And thanks moomoo for catching up the news so timely, I bought in premarket and earned already

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