Rumors swirl around Intel acquisition of Nvidia
Wall Street types are agitated over the possibility that Intel might acquire Nvidia, according to Reuters:
Investors have been speculating that Nvidia might be acquired since July, when Advanced Micro Devices Inc. (NYSE:AMD - news) agreed to buy Nvidia rival ATI Technologies Inc. (ATYT.OQ) for $5.4 billion. Rumors of such a transaction resurfaced on Wednesday, spreading quickly across Wall Street trading desks, according to three options market participants.
"There is speculation that Intel will make an acquisition announcement tonight," said Bill Lefkowitz, options strategist at brokerage firm vFinance Investments in New York.