The European Commission is awaiting more information. Reuters is reporting this morning that EU investigators are pausing their investigation into the deal. The UK had begun investigating the deal over national security concerns and the EU is also looking into the proposed deal.

The deal had been under intense scrutiny from regulators on both sides of the Atlantic. Reuters reports the suit is to 'Prevent Chip Conglomerate From Stifling Innovation Pipeline For Next-Gen Technologies'. The proposed purchase of ARM looks to be getting further and further out of reach as the Federal Trade Commission (FTC) in the US sues Nvidia. Nvidia stock performance 2021 in percentage terms, despite recent weakness this has been a stellar year for investors in Nvidia stock. Nvidia and the semiconductor space have been one of the strongest sectors so far in 2021. Electric vehicle names also suffered heavy falls on Friday, again likely due to that sector's strong 2021.

Seasonality is strongly bullish from here to year-end but profit-taking may hit the strong performers and limit gains. Nvidia (NVDA) stock gave up more ground on Friday as risk aversion and profit-taking hit outperforming stocks harder.

NVDA stock is still up over 135% year to date.

NVDA stock falls over 4% and breaks the $310 pivot support level.

Nvidia (NVDA) stock retreats further on Friday as risk aversion dominates on Wall Street.

Nvda forecast 2021