Semiconductor ETF SOXX Pops as Nvidia Buys Chip Maker Mellanox

Semiconductor ETFs climbed Monday after Nvidia (NasdaqGS: NVDA) announced it will acquire chip designer Mellanox Technologies (NasdaqGS: MLNX) for $6.8 billion to help boost its data center business. The iShares PHLX Semiconductor ETF (NasdaqGM: SOXX), which includes a 7.1% tilt toward NVDA, gained...