AMD stock closes at fifth straight record high following report Nvidia-Arm deal may get blocked

1 month ago 17

Advanced Micro Devices Inc. AMD, +3.62% shares closed astatine a 5th consecutive grounds precocious connected Tuesday pursuing a study that Nvidia Corp.’s NVDA, +0.33% acquisition of Arm Ltd. whitethorn get blocked by U.K. regulators. AMD shares closed up 3.6% astatine $112.56, for a 5th consecutive time of 2%-or-more gains and grounds precocious closing prices. On Tuesday, Bloomberg reported that the U.K. whitethorn artifact Nvidia’s $40 cardinal acquisition of U.K.-based Arm from Japan’s SoftBank Group Corp. 9984, -0.73% citing nationalist information reasons. Nvidia shares closed up 0.3% astatine $198.15.

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