Even witho_老虎社区_美港股上老虎

Hardworker
2021-12-03

Even without ARM, it is still a good stock.

Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>

Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconducto

Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

推荐
最新

暂无评论

热议股票

{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":601226670,"tweetId":"601226670","gmtCreate":1638537503924,"gmtModify":1638537503924,"author":{"id":4099037502678120,"idStr":"4099037502678120","authorId":4099037502678120,"authorIdStr":"4099037502678120","name":"Hardworker","avatar":"https://static.tigerbbs.com/88b11e17919cfda2568999348bed094b","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Even without ARM, it is still a good stock.&nbsp;</body></html>","htmlText":"<html><head></head><body>Even without ARM, it is still a good stock.&nbsp;</body></html>","text":"Even without ARM, it is still a good stock.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/601226670","repostId":1175699025,"repostType":4,"repost":{"id":"1175699025","kind":"news","pubTimestamp":1638535445,"share":"https://www.laohu8.com/m/news/1175699025?lang=zh_CN&edition=full","pubTime":"2021-12-03 20:44","market":"us","language":"en","title":"Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175699025","media":"Barrons","summary":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconducto","content":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.<blockquote>英伟达以400亿美元收购Arm的交易——被誉为半导体行业历史上最大的交易——看起来已经泡汤了。</blockquote> The Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from&nbsp;SoftBank&nbsp;(SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.<blockquote>美国联邦贸易委员会周四提起诉讼，要求阻止该交易，理由是竞争担忧，并且几乎扼杀了英伟达（股票代码：NVDA）从软银（SFTBY）手中接管这家领先芯片设计公司的前景。尽管英伟达发誓要继续推进，但该交易在欧洲和中国面临进一步审查。</blockquote> So what comes next?<blockquote>那么接下来会发生什么？</blockquote> Following news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.<blockquote>在联邦贸易委员会重拳出击的消息传出后，花旗银行分析师将交易通过的可能性从30%下调至5%。以前机会很小。现在它们非常苗条。</blockquote> “Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”<blockquote>伯恩斯坦研究公司(Bernstein Research)分析师斯泰西·拉斯贡(Stacy Rasgon)周四对MarketWatch表示：“没有人认为这会结束。”“当消息传出时，该股甚至没有下跌。”</blockquote> That underscores the fact that analysts have been pessimistic about this for a while.<blockquote>这凸显了分析师对此持悲观态度已有一段时间的事实。</blockquote> Last month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.<blockquote>上个月，Wedbush分析师马特·布赖森(Matt Bryson)概述了该经纪商和投资银行如何仍然认为拟议的耦合不会获得批准。他不仅提到了美国的监管压力，还提到了中国的监管压力。</blockquote> “Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”<blockquote>布赖森当时表示：“对Arm收购完成的任何担忧似乎对该股影响不大。”“没有收购Arm可能对英伟达的势头影响不大。”</blockquote> Remember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.<blockquote>请记住：当宣布Arm交易时，投资者并没有考虑元宇宙以及英伟达正在帮助创造的虚拟世界中潜在的利润丰厚的未来。</blockquote> Since then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.<blockquote>从那时起，在涵盖数据中心和云计算、人工智能，当然还有元宇宙的增长乐观浪潮的推动下，英伟达的股价上涨了惊人的165%，从每股120美元左右上涨至320美元。</blockquote> But it’s not over ‘til it’s over. The deal is still alive, barely, for now.<blockquote>但直到结束才算结束。目前，这笔交易仍然有效，勉强有效。</blockquote> The thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of&nbsp;Apple&nbsp;(AAPL),Amazon&nbsp;(AMZN),Qualcomm&nbsp;(QCOM) and others.<blockquote>联邦贸易委员会和其他监管机构担忧的主旨是，在英伟达的所有权下，Arm在芯片行业的中立性将受到损害。Arm将知识产权授权给苹果(AAPL)、亚马逊(AMZN)、高通(QCOM)等公司。</blockquote> If Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.<blockquote>如果英伟达拥有Arm，竞争担忧就会消失，那么它将能够获得有关Arm客户的竞争敏感信息，而Arm不太可能追求挑战英伟达利益的创新。</blockquote> Can these concerns really be addressed?<blockquote>这些担忧真的能得到解决吗？</blockquote> “We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.<blockquote>花旗银行分析师Atif表示：“如果英伟达能够提出补救措施，我们认为这是一条潜在的前进道路，其中包括在研发引擎和Arm业务合同之间建立一堵‘中国墙’，以缓解监管反垄断担忧。”马利克和阿曼达·斯卡纳蒂说道。</blockquote> A dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.<blockquote>一笔死交易对软银的伤害可能最大。虽然这家日本科技投资者将保留英伟达预先支付的20亿美元，其中包括12.5亿美元的分手费，但400亿美元的票价实际上意味着更多。</blockquote> That $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.<blockquote>这400亿美元的数字包括当时4430万股Nvidia股票，价值约215亿美元。此后，英伟达的股价一路走高，使得现金加股票交易的股票利润更高。</blockquote> Nvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.<blockquote>周五盘前交易中，英伟达股价下跌0.8%，略高于纳斯达克100指数期货的跌幅。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-12-03 20:44\n\n</h4>\n</header>\n<article>\nNvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.<blockquote>英伟达以400亿美元收购Arm的交易——被誉为半导体行业历史上最大的交易——看起来已经泡汤了。</blockquote> The Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from&nbsp;SoftBank&nbsp;(SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.<blockquote>美国联邦贸易委员会周四提起诉讼，要求阻止该交易，理由是竞争担忧，并且几乎扼杀了英伟达（股票代码：NVDA）从软银（SFTBY）手中接管这家领先芯片设计公司的前景。尽管英伟达发誓要继续推进，但该交易在欧洲和中国面临进一步审查。</blockquote> So what comes next?<blockquote>那么接下来会发生什么？</blockquote> Following news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.<blockquote>在联邦贸易委员会重拳出击的消息传出后，花旗银行分析师将交易通过的可能性从30%下调至5%。以前机会很小。现在它们非常苗条。</blockquote> “Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”<blockquote>伯恩斯坦研究公司(Bernstein Research)分析师斯泰西·拉斯贡(Stacy Rasgon)周四对MarketWatch表示：“没有人认为这会结束。”“当消息传出时，该股甚至没有下跌。”</blockquote> That underscores the fact that analysts have been pessimistic about this for a while.<blockquote>这凸显了分析师对此持悲观态度已有一段时间的事实。</blockquote> Last month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.<blockquote>上个月，Wedbush分析师马特·布赖森(Matt Bryson)概述了该经纪商和投资银行如何仍然认为拟议的耦合不会获得批准。他不仅提到了美国的监管压力，还提到了中国的监管压力。</blockquote> “Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”<blockquote>布赖森当时表示：“对Arm收购完成的任何担忧似乎对该股影响不大。”“没有收购Arm可能对英伟达的势头影响不大。”</blockquote> Remember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.<blockquote>请记住：当宣布Arm交易时，投资者并没有考虑元宇宙以及英伟达正在帮助创造的虚拟世界中潜在的利润丰厚的未来。</blockquote> Since then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.<blockquote>从那时起，在涵盖数据中心和云计算、人工智能，当然还有元宇宙的增长乐观浪潮的推动下，英伟达的股价上涨了惊人的165%，从每股120美元左右上涨至320美元。</blockquote> But it’s not over ‘til it’s over. The deal is still alive, barely, for now.<blockquote>但直到结束才算结束。目前，这笔交易仍然有效，勉强有效。</blockquote> The thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of&nbsp;Apple&nbsp;(AAPL),Amazon&nbsp;(AMZN),Qualcomm&nbsp;(QCOM) and others.<blockquote>联邦贸易委员会和其他监管机构担忧的主旨是，在英伟达的所有权下，Arm在芯片行业的中立性将受到损害。Arm将知识产权授权给苹果(AAPL)、亚马逊(AMZN)、高通(QCOM)等公司。</blockquote> If Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.<blockquote>如果英伟达拥有Arm，竞争担忧就会消失，那么它将能够获得有关Arm客户的竞争敏感信息，而Arm不太可能追求挑战英伟达利益的创新。</blockquote> Can these concerns really be addressed?<blockquote>这些担忧真的能得到解决吗？</blockquote> “We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.<blockquote>花旗银行分析师Atif表示：“如果英伟达能够提出补救措施，我们认为这是一条潜在的前进道路，其中包括在研发引擎和Arm业务合同之间建立一堵‘中国墙’，以缓解监管反垄断担忧。”马利克和阿曼达·斯卡纳蒂说道。</blockquote> A dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.<blockquote>一笔死交易对软银的伤害可能最大。虽然这家日本科技投资者将保留英伟达预先支付的20亿美元，其中包括12.5亿美元的分手费，但400亿美元的票价实际上意味着更多。</blockquote> That $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.<blockquote>这400亿美元的数字包括当时4430万股Nvidia股票，价值约215亿美元。此后，英伟达的股价一路走高，使得现金加股票交易的股票利润更高。</blockquote> Nvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.<blockquote>周五盘前交易中，英伟达股价下跌0.8%，略高于纳斯达克100指数期货的跌幅。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/nvidia-nvda-arm-acquisition-ftc-51638533956?mod=hp_LATEST\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-nvda-arm-acquisition-ftc-51638533956?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175699025","content_text":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.\nThe Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from SoftBank (SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.\nSo what comes next?\nFollowing news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.\n“Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”\nThat underscores the fact that analysts have been pessimistic about this for a while.\nLast month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.\n“Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”\nRemember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.\nSince then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.\nBut it’s not over ‘til it’s over. The deal is still alive, barely, for now.\nThe thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of Apple (AAPL),Amazon (AMZN),Qualcomm (QCOM) and others.\nIf Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.\nCan these concerns really be addressed?\n“We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.\nA dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.\nThat $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.\nNvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":3880,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>

评论（1）

热议股票