SEC filings showed Nvidia has exited its position in the British chip designer, which it once tried to buy for $40 billion.
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New York-listed shares of British semiconductor firm Arm
ticked 1.4% higher in premarket trading on Wednesday, after documents showed Nvidia
sold its stake in the company it once wanted to buy.
At the end of the third quarter, Nvidia held 1.1 million shares of Arm with a value of $155.8 million. The chip giant’s filing to the SEC on Tuesday showed it had offloaded the stock.
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