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Nvidia (NVDA) boughtMellanox Technologies (MLNX) in order to boost opportunities in the surging data center space. The valuation paid on growth projections for Mellanox places our investment thesis squarely back bullish on Advanced Micro Devices (AMD).
Image Source: AMD website
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Nvidia agreed to pay $125 per share in cash to acquire Mellanox. The deal values the semiconductor at an enterprise value of $6.9 billion.
The deal is forecasted to be accretive to Nvidia on both an EPS and free cash flow basis, but the company pays