Nvidia Drops After Touching Record on Arm Deal Prospects
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Nvidia Corp. notched a small decline after touching an all-time high Friday amid growing anticipation about whether the chipmaker will win regulatory approval for its proposed acquisition of Arm Ltd.
The stock rose as much as 3.9% before erasing the gains to close down 0.1%. So far in June, the stock is up more than 14%, putting it on track for its biggest one-month gain since August.