Nvidia nears deal to acquire Mellanox: source
Nvidia is nearing a deal to acquire peer Mellanox Technologies for more than US$7 billion in cash, a person familiar with the matter has revealed.
Nvidia is nearing a deal to acquire peer Mellanox Technologies for more than US$7 billion in cash, a person familiar with the matter has revealed.
Nvidia shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.
Too many cryptocurrency clients and fewer cloud computing orders than expected underwhelmed Nvidia investors on Thursday, although the graphics chip maker said a supply shortage that hit its core video game audience had eased.
​Chipmaker Nvidia has revealed it has suspended self-driving tests across the globe, a week after an Uber Technologies Inc autonomous vehicle hit and killed a woman crossing the street in Arizona.
Nvidia Corp has has revealed that China's Chery Automobile Co will use its self-driving technology that it has developed with Baidu and ZF Friedrichshafen AG.