Advanced Micro Devices Inc. (AMD) shares closed at a fifth consecutive record high on Tuesday following a report that Nvidia Corp.'s (NVDA) acquisition of Arm Ltd. may get blocked by U.K. regulators. AMD shares closed up 3.6% at $112.56, for a fifth straight day of 2%-or-more gains and record high closing prices. On Tuesday, Bloomberg reported ( the U.K. may block Nvidia's $40 billion acquisition of U.K.-based Arm from Japan's SoftBank Group Corp. citing national security reasons. Nvidia shares closed up 0.3% at $198.15.
(END) Dow Jones Newswires
August 03, 2021 16:02 ET (20:02 GMT)
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