SPY - What's Going On With Nvidia Stock Monday? | Benzinga
Nvidia Corp (NASDAQ: NVDA) stock is trading higher Monday in line with the broader indexes Invesco QQQ Trust, Series 1 (NASDAQ: QQQ)
and SPDR S&P 500 (NYSE: SPY).
Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY) backed British chip designer Arm Holdings Ltd, and once Nvidia takeover target explored bumping the price range of its initial public offering. Arm's share sale gets subscribed sixfold, reflecting the artificial intelligence frenzy.
Arm filed for its IPO at $47 - $51 a share, bagging a valuation of $54.5 billion.
Also Read: Qualcomm Stock Soars on Apple News - What's Going On?
Meanwhile, Nvidia tapped a new TensorRT software for ...