Nvidia Corp's dreams of acquiring British chip technology provider Arm for a hefty price of over $80 billion may not materialize, but analysts believe the chipmaker has plenty to focus on as it pushes into the metaverse.
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. . REUTERS/Robert Galbraith/File Photodreams of acquiring British chip technology provider Arm for a hefty price of over $80 billion may not materialize, but analysts believe the chipmaker has plenty to focus on as it pushes into the metaverse.
On Thursday, the U.S. Federal Trade Commission sued to block the deal, which has been mired in global regulatory scrutiny.Register now for FREE unlimited access to reuters.com"Even if Nvidia does not complete its ARM Holdings acquisition, demand for NVIDIA AI continues to accelerate," Tigress Financial Partners' Ivan Feinseth said, adding that "Nvidia is all about AI and the Omniverse/metaverse.
Nvidia, the world's biggest maker of AI chips and graphics, has been doubling down on its data center business as more internet companies invest in the metaverse -- an online realm that connects people through augmented and virtual reality. The blockbuster deal would give Nvidia exposure to Arm, which licenses its chips and blueprints to major chipmakers Apple Inc
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