😭 Nvidia abandons ARM

No ARM done | Pfizer's vaccines are still hot stuff | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for February 9th in 3:15 minutes. 🍀 Turns out you can have it all, at least when it comes to crypto. Join sustainability expert Kirsteen Harrison for [How To Paint Your Crypto Green]( on Wednesday, and find out how to make money from crypto without hurting the environment. [Get your free ticket]( Today's big stories - Nvidia’s planned acquisition of ARM has finally fallen through - NFTs have stayed firm even as crypto’s been crashing, and our analyst has a few theories why – [Read Now]( - Pfizer sold $13 billion worth of vaccines last quarter Hard Knock Life [Hard Knock Life] What’s Going On Here? Nvidia [announced]( this week that it’s abandoning its [acquisition]( of British chip designer ARM, and the chipmaker’s never looking back. What Does This Mean? Nvidia [announced]( plans to buy ARM from Japanese conglomerate SoftBank back in September 2020, in hopes of expanding its reach across the entire semiconductor industry. But that lofty goal was also why the $40 billion deal was arguably doomed from the start, with some of ARM’s biggest customers – including Microsoft and Qualcomm – expressing worries that Nvidia would end up with too much control over chip designs. The US government seemed to agree, which might be why it moved to [block]( the deal back in December. So this week, Nvidia finally abandoned what would’ve been the biggest deal in the history of the chip industry. SoftBank, for its part, responded with plan B: it’s planning to list ARM on the stock market by March next year ([tweet this](). Why Should I Care? Zooming in: That’s got to hurt. SoftBank will receive a breakup fee of up to $1.3 billion from the failed deal, but the company would’ve made a lot more had the deal gone through – more even than the $40 billion initially proposed. See, Nvidia was planning to buy ARM partly using its own stock, which has more than doubled since the agreement was first struck. That means the deal would now have actually been worth as much as $80 billion. The bigger picture: SoftBank’s bad year. SoftBank could’ve done with that cash: the company [reported]( on Tuesday that its profit fell 97% last quarter versus the same time in 2020, after its investments in tech stocks plummeted amid looming interest rate hikes. This money, then, could’ve helped it [buy back]( some of its shares – which have collapsed 45% in the last year – and boost the value of those left over. That’s left SoftBank scrambling to raise cash some other way, which might be why it’s now [reportedly]( thinking of selling some of its substantial holdings in Chinese giant Alibaba. You might also like: [Could Nvidia become the world’s most valuable company?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hard Knock Life&utm_campaign=daily-global-09-02-2022&utm_source=email) Analyst Take Why Are NFTs Defying The Crypto Crash? [Why Are NFTs Defying The Crypto Crash?]( [Photo of Reda] Reda, Analyst What’s Going On Here? By the end of January, bitcoin and ether had lost [nearly half their value]( from their all-time highs. And after the two biggest cryptocurrencies collapsed, the rest of the market wasn’t far behind. That makes sense, since you’d expect speculative assets to be hit the hardest when central banks are beginning to tighten monetary policy. The odd thing is, [the top 100 NFT collections]( – arguably even more speculative – only lost 15% of their value in the same period, according to DappRadar. In fact, [“blue-chip” NFT collections]( – like Bored Ape Yacht Club, World of Women, and Doodles – have all actually increased in dollar value since November. [So what gives?]( That’s today’s Insight: [why NFTs are defying the crypto crash](. [Read or listen to the Insight here]( SPONSORED BY BLACK SHEEP COFFEE See your name in graffiti [Black Sheep Coffee]( has some banging coffee, sure, but it’s the NFTs that’ll really perk you up. That’s right, Black Sheep just minted a [brand new NFT collection](, each one designed by an artist to represent a specific Black Sheep coffee shop. Buying one gets you your own piece of artsy-meets-coffee heaven, and you’ll be investing in one the [hottest digital assets]( out there today. And get this: collect them all and [Black Sheep’s graffiti artists]( will paint your portrait as a giant mural in a brand new coffee shop, and you’ll get a tonne – literally 1,000 kilos – of coffee beans too. Who knows, you might be the next Mona Lisa: [start collecting NFTs today](. [Buy NFTs Today]( Nobody’s Fool [Nobody’s Fool] What’s Going On Here? Pfizer [revealed]( on Tuesday that it sold $13 billion worth of its Covid vaccine last quarter, as all you suckers for rational, peer-reviewed science play right into the drugmaker’s hands. What Does This Mean? Pfizer – which posted its quarterly earnings on Tuesday – is making hay while the sun shines, with sales of its Covid vaccine representing 52% of its total revenue last quarter. Trouble is, revenue from the company’s hospital segment – which specializes in things like surgical products – barely moved at all, while its internal medicine business (think heart and diabetes drugs) fell 3% compared to the same time in 2020. That brought Pfizer’s overall revenue in below analysts’ expectations for the quarter, even though it was more than twice as high as the year before. And while Pfizer thinks it’ll rack up record revenue this year, it fell short of analysts’ expectations there too – which might be why investors initially sent the company’s stock down 5%. Why Should I Care? Zooming in: Pfizer’s got leverage. Pfizer can’t rely on its vaccine forever, which might be why analysts think it’ll start buying up biotech companies and expand into other treatments. There are a couple of reasons why now’s a good time to do just that. For one thing, biotechs are looking cheap: an index tracking some of the biggest biotech stocks is down over 20% in the last year. And for another, Pfizer’s stock – which is up 50% over the same period – is a pretty strong bargaining chip in negotiations. The bigger picture: A big year for deals? Pfizer’s not the only drugmaker with money to spend: analysis out in December [showed]( that 18 of the biggest in Europe and the US have a potential cash pile of over $1.7 trillion between them this year. And sure, they might use that money to buy back shares or increase [dividends](, but some analysts think they’ll make up for a slow 2021 by splashing out on deals instead. You might also like: [How to spot the biggest opportunities in big pharma companies.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Nobody’s Fool&utm_campaign=daily-global-09-02-2022&utm_source=email) 💬 Quote of the day “I’d rather regret the things I’ve done than regret the things I haven’t done.” – Lucille Ball (an American actress, comedian, and producer) [Tweet this]( SPONSORED BY TITAN Invest in crypto without lifting a finger So you want to [actively invest in crypto](, but don’t want to spend all your time reading up on it. With [Titan Crypto](, you’ll have an in-house team of investment experts doing the hard yards for you, researching and weighting an actively managed crypto portfolio. Your money will be invested in a concentrated number of what Titan’s experts believe to be [the best large cap cryptoassets](, with the goal of serious gains over the next 3-5 years. And they hit upon them by using deep fundamental and quantitative research to identify [real quality in the crypto market]( – not one-hit wonders. 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