Trade war could delay Nvidia/Mellanox - Piper

|About: Mellanox Technologies, Ltd. (MLNX)|By:, SA News Editor

Piper Jaffray says Nvidia's (NVDA +2.5%) $125/share acquisition of Mellanox (MLNX +2%) will likely go through but could take more time thanks to the renewed U.S.-China trade tensions.

Analyst James Fish doesn't expect Mellanox to feel any pain from the tariffs, but there could be a 3% revenue headwind from the Huawei ban.

Fish still sees a “decent fundamental backboard” if the deal is denied with Mellanox at a standalone value of $115/share.

Earlier today, reports said Nvidia had filed for Chinese regulatory approval for the deal.

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