Nvida to seek EU approval for arms deal: report

Nvidia is poised to take the next step on what has become the long and bumpy road to its $40 billion acquisition of chiptech developer Arm – seeking approval from the European Union’s competition regulator.

Shares of Nvidia (ticker: NVDA) rose 1.9% to $224.86 on Friday. The S&P 500 and the Dow Jones Industrial Average rose 0.8% and 0.6% respectively. The stock is up 72% this year, while the PHLX Semiconductor Index is up 22%.