Nvidia (NVDA) Stock: Financial Times Reports Talks to Acquire Reflection AI

TLDR Nvidia (NVDA) closed at $229.28 on Friday, down $1.20 or 0.52%, its fourth straight daily decline. The Financial Times reports Nvidia is in early talks to buy Reflection AI or raise its stake. Nvidia has already committed $800 million to Reflection, which was last valued at $25 billion pre-money. Several Nvidia-backed stocks are falling, including SoundHound, Arm and CoreWeave. A rising wedge on the chart points to $210 as the downside target, while $243 is the key resistance. Nvidia (NVDA) stock closed at $229.28 on Friday, down 0.52%.

Source: CoinCentral