Nvidia is ready to take the next step on what has become the long and bumpy road to acquiring chip tech developer Arm for $40 billion–seeking approval the European Union’s competition regulator.

Shares of Nvidia (ticker: NVDA) were up 1.9%, to $224.86, on Friday. The S&P 500 and the Dow Jones Industrial Average were up 0.8% and 0.6%, respectively. The stock has advanced 72% this year, while the PHLX Semiconductor index rose 22%.

Nvidia…

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