Britain's Concern Over Nvidia-Arm Deal Poses Double Trouble For Nvidia - Read Why? - NVIDIA (NASDAQ:NVDA)

Britain's Competition and Market's Authority (CMA) has expressed potential anticompetitive concerns regarding NVIDIA Corp's (NASDAQ:NVDA) highly ambitious $40 billion acquisition of British chip designer Arm Ltd, Reuters reports.
The concerns have fueled an intensive and lengthy inquiry as Nvidia failed to pacify its doubts.
The possible delay in the acquisition could act as a double whammy after analysts warned about a correction in Nvidia's gaming revenue and crypto weakness.
SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is a major player in global semiconductors and powers nearly every smartphone and millions of other devices.
Companies including Qualcomm Inc (NASDAQ:QCOM), Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) had voiced concerns over the takeover.
See: FTC is reviewing Amazon.com Inc's (NASDAQ:AMZN) acquisition of Hollywood studio MGM.
Price Action: NVDA shares traded higher by 3.21% at $204.32 on the last check Friday.