NVIDIA reported its first $1bn-revenue quarter in 2007 and shipped its 1 billionth graphics processor in 2011. In September 2020, the company announced plans to acquire UK chip designer Arm from Japanese investment firm SoftBank ( 9984) for $40bn. However, the deal collapsed under opposition from UK regulatory authorities, with NVIDIA announcing the termination of the transaction on 7 February 2022. On 6 May, the US Securities and Exchange Commission ( SEC) agreed a $5.5m settlement with NVIDIA over the company’s failure to disclose in 2018 that cryptocurrency mining was a significant source of revenues from sales of its GPUs designed for gaming. Try demo NVIDIA stock slumps on as trade war compounds slowdownīased on NVDA stock historical prices, shares reached an all-time intraday high of $334.12 on 29 November 2021, with Covid-19 lockdowns around the world increasing demand for computing and entertainment systems. The stock had been trading around $51 in March 2020 at the start of pandemic-related restrictions. The share price began to retreat as technology stocks sold-off heading into 2022. NVDA started the year at $301.21 a share and dropped to $219.44 on 27 January.
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