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Nvidia wanted to acquire the company for $40 billion and failed. Arm is reported to be valued at $60 billion. In my opinion, it's worth much less.
You might remember that Nvidia (NVDA -1.99%) wanted to acquire Arm Holdings for $40 billion. It was taken private by Softbank in 2016 at $32 billion, and its last private mark was $64 billion. In this video, I will talk about Arm's initial public offering (IPO) and why I don't think you should buy it on the back of the AI and Nvidia hype.
*Stock prices used were from the trading day of Aug. 25, 2023. The video was published on Aug. 28, 2023.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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