Replies to post #4330 on NVIDIA Corp (NVDA)

[John-Knee]

The rise in the markets this morning are two folds; oil and investors are expecting that the accommodative positioning of the Fed will stay in place for at least another handful of months as Delta has given the Fed to do nothing in the short term.

Today, is day 2 of NVDA bullish candlestick rise (day 1 of breakout to all time high with adjusted split). After day 3, I expect a flag forming consolidation before the next leg up.

I don't understand the strength in the market while our country is falling apart.

[JohnCM]

Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph

BY Reuters
— 9:28 PM ET 08/28/2021

Aug 28 (Reuters) - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.

E-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.

Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected in the coming weeks, according to the newspaper.

Tesla, Amazon ( AMZN ), Samsung and Nvidia did not immediately respond to a Reuters request for comment.

Nvidia ( NVDA ) is likely to seek European Union antitrust approval for the $54 billion purchase of Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter have said. (Reporting by Aishwarya Nair in Bengaluru)