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SoftBank Close To Selling Chip Designer To Nvidia For $40B

SoftBank Group Corp. may announce the sale of British chip designer Arm Holdings to Nvidia Corp. (NASDAQ: NVDA) in a cash-and-stock transaction valued at more than $40 billion as early as next week.That’s according to the Wall Street Journal, citing sources familiar with the deal.The sale process, first reported by Bloomberg in July, comes just four years after SoftBank bought Arm Holdings for $32 billion.Arm, known for designing microprocessors found in smartphones, has been in exclusive talks with Nvidia for several weeks, the report continued.Nvidia’s chips are used to power high-tech devices as well.If the transaction is official, it would …read more […]

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Barron's Picks And Pans: Amazon, Crocs, GM, Microsoft And More

Andrew Bary and Avi Salzman’s “Retail Investors Are Fueling the Nasdaq’s Wild Ride” points out how heavy buying of call options on stocks like Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) are having a big impact.In “The Pandemic Helped Crocs Kickstart Growth. Why the Stock Could Double,” Teresa Rivas shows how Crocs, Inc. (NASDAQ: CROX) is capitalizing on its renewed popularity with more styles, clever marketing and a growing e-commerce effort.See why Barron’s believes Elanco Animal Health Inc (NYSE: ELAN) has a good opportunity to change the trajectory of its stock performance in “Animal Spirits for Elanco? Pet-Care …read more […]

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AstraZeneca Resumes Covid Vaccine Trials After Independent Committee Approves Of Safety

AstraZeneca plc (NYSE: AZN) can heave a sigh of relief following resumption of its coronavirus vaccine study that was voluntarily paused by the company.What Happened: The U.K. pharma giant said U.K. regulatory agency, the Medicines Health Regulatory Authority (MHRA) has given its concurrence to resume the late-stage study of AZD1222 — the vaccine candidate it is jointly developing with the Oxford University against SARS-CoV-2.Following a standard review process, AstraZeneca paused all global trials on Sept. 6 after an unidentified illness was reported in one of the trial participants. The company later clarified that the person was a …read more […]

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Benzinga's Bulls And Bears Of The Week: Exxon, Peloton, Uber And More

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This past week’s bullish calls included semiconductor and ride-sharing leaders. * Recent stock-splitters and an oil supermajor were among last week’s bearish calls.The big U.S. indexes ended another volatile week in the red, led by a 4% retreat in the Nasdaq. Investors have their eyes on moves by the Oracle of Omaha and the upcoming iPhone launch. The week also saw a notable CEO turnover and a retailer on the brink possibly saved, even while the e-commerce colossus further expands its …read more […]

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Your One-Step Options Guide

Two weeks ago, we asked Wealthy Retirement readers for a very special favor…
We asked you to share your story – including how Wealthy Retirement has helped you move closer toward your retirement goals and how we can continue to support you.
Madeline S. appreciates Chief Income Strategist Marc Lichtenfeld’s advice and wrote…
Simple easy to understand writing that demystifies and explains financial instruments and strategies.
As a medical professional… I strive to make [information] simple and accessible even to folks with English as a second language, so I very much appreciate financial writers doing the same for me, and Marc definitely does this …read more […]

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Trading Ideas

Your One-Step Options Guide

Two weeks ago, we asked Wealthy Retirement readers for a very special favor…
We asked you to share your story – including how Wealthy Retirement has helped you move closer toward your retirement goals and how we can continue to support you.
Madeline S. appreciates Chief Income Strategist Marc Lichtenfeld’s advice and wrote…
Simple easy to understand writing that demystifies and explains financial instruments and strategies.
As a medical professional… I strive to make [information] simple and accessible even to folks with English as a second language, so I very much appreciate financial writers doing the same for me, and Marc definitely does this …read more […]

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Trading Ideas

Your One-Step Options Guide

Two weeks ago, we asked Wealthy Retirement readers for a very special favor…
We asked you to share your story – including how Wealthy Retirement has helped you move closer toward your retirement goals and how we can continue to support you.
Madeline S. appreciates Chief Income Strategist Marc Lichtenfeld’s advice and wrote…
Simple easy to understand writing that demystifies and explains financial instruments and strategies.
As a medical professional… I strive to make [information] simple and accessible even to folks with English as a second language, so I very much appreciate financial writers doing the same for me, and Marc definitely does this …read more […]

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SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion – WSJ

The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources. Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers. It has previously collaborated with Nvidia. …read more […]

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SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion, WSJ reports

The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources. Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers. It has previously collaborated with Nvidia. …read more […]

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3 Reasons Why Tesla Stock Crashed Last Week

One thing that has been driving Tesla Inc (NASDAQ:TSLA) stock recently is the expectation that it would be added to the S&P 500. However, that didn’t happen, and investors started unloading the shares as a result. The S&P 500 Index Committee added Catalent (CTLT), Etsy (ETSY) and Teradyne (TER) to the index on September 4th, […] …read more […]