It would also hold the annual analyst day on Tuesday which would have the keynote address by its CEO Jensen Huang. Nvidia would hold its annual GTC technical conference next week between Monday to Thursday. Finally, Nvidia decided that it was better to call off the deal. However, from the beginning, the acquisition was facing challenges in the UK. The deal, which was structured as a mix of cash and stock would have made Nvidia the market leader in mobile chips. Last month Nvidia called off its deal with SoftBank to acquire Arm Holdings. The stock has created significant investor wealth over the last decade as it has grown its business multi-fold over the period, snatching away the market share from peers. Nvidia was among the best performing S&P 500 stocks in 20. What’s the forecast for NVDA stock and is it a good buy now? However, the stock is still down almost 25% from its 52-week highs and is in a bear market territory. Nvidia (NVDA) stock is up almost 6% today and has now bridged its YTD losses to around 16%. The content on this page is for information purposes only.
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