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April 16, 2020, 12:37 p.m. EDT

Nvidia stock rises on report of China approval of Mellanox deal

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By Wallace Witkowski

Nvidia Corp. /zigman2/quotes/200467500/composite NVDA -2.20% shares rose Thursday on reports the chip maker received a long-awaited green light from regulators in China for its acquisition of Mellanox Technologies Ltd. . Nvidia shares rose as much as 6.5% Thursday and were last up 5.3% at $295.75, while the PHLX Semiconductor Index /zigman2/quotes/210598361/realtime SOX -1.51% was up 2.1%. Nvidia announced its plan to acquire Mellanox for $6.9 billion more than a year ago and has been waiting on Chinese antitrust approval to seal the deal.

/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 487.57
-10.97 -2.20%
Volume: 17.46M
Sept. 18, 2020 4:00p
P/E Ratio
89.42
Dividend Yield
0.13%
Market Cap
$301.18 billion
Rev. per Employee
$882,428
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/zigman2/quotes/210598361/realtime
US : Nasdaq
2,160.97
-33.17 -1.51%
Volume: 272,724
Sept. 18, 2020 5:16p
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