The Nvidia Story So Far. Will it drop an ARM?

The S&P500 have been touching correction territory for the past 2 days and it is beginning to spook investors. There is sudden interest in $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ but I'm not the biggest fan to short the market.

$NVIDIA(NVDA.US)$ has not been spared by the recent carnage along with $Microsoft(MSFT.US)$ $Meta Platforms(FB.US)$ and several other technology stocks.

Today, I wish to share my observation on $NVIDIA(NVDA.US)$ over the last 2 years and why I'm concerned about their developments now.

This news send shockwave in the entire semiconductor industry because this merger will essentially allow $NVIDIA(NVDA.US)$ to dominate the computing world. Of course, this raise the eyebrows of regulators all over the world as they scrutinize this deal.

It was expected to be a "done deal" by March 2022 though CEO Jensen mentinoed it might take longer than that.

According to CNBC, $NVIDIA(NVDA.US)$ has talked to their partners and expecting the deal to not go through. They also mentioned that more details will be reported in the upcoming earnings on 23 Feb 2022.

As you can see, the ARM announcement probably was priced into the share price and it is now 83% up since 13 Sept 2020. Will this abandonment of ARM cost $NVIDIA(NVDA.US)$ an ARM (or maybe a leg)?

I also do recognised that Nvidia might have became a more valuable company over the last 2 years. Share price have dropped 5% yesterday because of the news. Will this be the start of the correction?

What do you think?