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Nvidia (NVDA) Stock Advances, Settles Patent Litigation with Samsung

NEW YORK (TheStreet) -- Shares of Nvidia (NVDA - Get Report) are gaining by 0.98% to $35.88 in early afternoon trading on Monday, as the company and Samsung (SSNLF) agreed to settle all pending intellectual property litigation between the two companies.

"The agreement will lead to the immediate dismissal of all pending IP litigation in U.S. district courts, the U.S. International Trade Commission and the U.S. Patent Office between the companies," Nvidia said in a statement today.

The settlement also includes the licensing of a "small number of patents" by each company to the other, but no broad cross-licensing of patents or other compensation, the statement noted.

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