Nvidia Ends Down Stretch With Positive News From EU Regulators | Global News Avenue

NVIDIA (NVDA) share price’s recent decline has slowed technical fixes The tech giant received positive news from European regulators on Friday, allaying competition concerns over its recent acquisitions.

shares Artificial Intelligence (AI) Chip power has dropped Since closing at $145.14 on Dec. 4, nine of the last 11 trading days have entered Friday, but it was up about 2.5% on Friday afternoon. Shares fell approx. It’s up 10% from last Friday and about 12% from its early November closing price of $148.88.

NVIDIA On the eve of the Christmas holidays, the European Commission (European Commission) has received some positive news. European Union (EU)Nvidia’s acquisition of Israeli software maker Run:AI Labs was approved on Friday.

European Commission approves acquisition

Regulators said their review found that the acquisition would not have any negative competitive effects and that competing software could still be used with Nvidia products because Run:AI is not a dominant player in the market.

Announce Acquisitions in AprilNvidia said it has been a “close collaborator” with Run:AI since 2020 and said the acquisition will help customers use its products more efficiently. The parties reportedly did not announce the financial terms of the deal, but reports put the price tag on the deal at about $700 million. Bloomberg.