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Chipmakers AMD and Nvidia are using skyrocketing stock prices to make industry’s biggest acquisitions The semiconductor industry is experiencing historic consolidation, thanks to a wild rally in the stock market. In the past six weeks, two of the biggest three acquisitions ever in the chip industry have been announced, after  AMD   said  on Tuesday that it’s buying  Xilinx  for $35 billion. Last month,  Nvidia   agreed  to acquire Arm from  SoftBank  in a deal worth $40 billion. The only deal keeping those two from being the largest in history was Avago’s $37 billion purchase of  Broadcom , which was  announced  in 2015. The company assumed the name Broadcom. Both Nvidia and AMD are taking advantage of run-ups in market value to bulk up in the data center, where cloud deployments and new workloads are driving hefty spending. Nvidia shares are up 162% in the past year, while AMD’s stock has climbed 141%. In the universe of large-cap tech companies, only software vendors  Zoom  and  Shop