Why Arm Holdings Stock Sank Today [Yahoo! Finance]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Yahoo! Finance
The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.1% and 2%, respectively. The key semiconductor player is facing a global antitrust challenge from one of its most important customers. Qualcomm launched a global antitrust campaign against Arm Holdings, filing complaints with competition authorities on three continents. The mobile chip giant has submitted confidential filings to the European Commission, U.S. Federal Trade Commission, and Korea Fair Trade Commission, alleging Arm has anticompetitive practices. Qualcomm alleges that Arm has moved from an open licensing model that it says fostered growth in the past to a restrictive approach that stifles competition. A
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