What's Going On With NVIDIA (NVDA) Stock Today - NVIDIA (NASDAQ:NVDA)

NVIDIA Corp NVDA shares are trading higher Monday since reports of Softbank Group Corp SFTBF SFTBY backed British chipmaker Arm Ltd's U.S. initial public offering surfaced.
Arm has confidentially filed for the Nasdaq listing eyeing $8 billion - $10 billion in offering proceeds.
The Cambridge, United Kingdom-based company plans to sell its shares on the Nasdaq later in 2023 and reportedly aims to raise between $8 billion and $10 billion.
NVIDIA dumped its plans to acquire Arm in 2022 amid regulatory opposition.
There has been a lot going on in the chipmaking space. Last week, Taiwan Semiconductor Manufacturing Company Ltd TSM procured 3nm chip order commitments from vendors, including Advanced Micro Devices, Inc AMD, Media Tek Inc (OTC: MDTKF), NVIDIA, and Qualcomm Inc QCOM to postpone the delivery of their 3-nm generation devices as Taiwan's leading chipmaker struggled to meet the high demand for 3nm chips from its biggest customer, Apple Inc AAPL.
Price Action: NVDA shares traded higher by 2.49% at $284.40 on the last check Monday.
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What's Going On With NVIDIA Stock Today