Shares of chipmaker NVIDIA (NASDAQ: NVDA) were up on Monday after competitor Broadcom (NASDAQ: AVGO) came out in support of the company’s proposed acquisition of U.K. chip designer Arm. NVIDIA also announced a new partnership with Alphabet‘s (NASDAQ: GOOG)(NASDAQ: GOOGL) Google to create an artificial intelligence (AI) and 5G innovation hub. Shares were up by about 5% as of 11:48 a.m. EDT today.
Image source: Getty Images.