Nvidia Ends Down Stretch With Positive News From EU Regulators

Core Insights - Nvidia stock experienced a decline in nine of the last eleven trading sessions, closing at $145.14 on December 4, but saw a recovery of approximately 2.5% on Friday [1][2][4] - The stock was down about 10% entering Friday and approximately 12% from its last record close of $148.88 in early November [2] Acquisition Approval - The European Commission has cleared Nvidia's acquisition of Israeli software company Run:AI Labs, which was announced in April [3][5] - Nvidia has been a "close collaborator" with Run:AI since 2020, and the acquisition is expected to enhance customer efficiency in using Nvidia's products [3] - The deal is reported to be valued at around $700 million, although financial terms were not officially disclosed [3] - Regulators concluded that the acquisition would not negatively impact competition, as Run:AI is not a dominant player in the market and competing software will still be available for Nvidia products [6]