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Arm Holdings Plc shares surged as much as 64% on Thursday after artificial intelligence spending helped bolster the chip designer’s forecast. And the company’s chief executive officer said the remarkable opportunity presented by AI is still in its early stages.
(Bloomberg) -- Arm Holdings Plc climbed as much as 42% in late trading after the chip designer gave a surprisingly bullish forecast, showing that its push beyond smartphones is helping fuel growth and profitability. Most Read from BloombergCitadel Among Hedge Funds That Got Morgan Stanley’s Block-Trading LeaksTesla Asks Which Jobs Are Critical, Stoking Layoff FearsChina Replaces Top Markets Regulator as Xi Tries to End RoutHaley Loses Nevada Primary to ‘None of These Candidates’ OptionUS Commerc
Shares of chip design firm Arm Holdings Plc (NASDAQ:ARM) are soaring Thursday after the company blew away earnings expectations for the third quarter and issued a bullish outlook for 2024. Multiple analysts also raised price targets following the print.
(Bloomberg) -- Arm Holdings Plc climbed as much as 26% in late trading after the chip designer gave a surprisingly bullish forecast, showing that its push beyond smartphones is helping fuel growth and profitability. Most Read from BloombergTesla Asks Which Jobs Are Critical, Stoking Layoff FearsHaley Loses Nevada Primary to ‘None of These Candidates’ OptionChina Replaces Top Markets Regulator as Xi Tries to End RoutUS Commercial Real Estate Contagion Is Now Moving to EuropeCitadel Among Hedge Fu
(Bloomberg) -- Arm Holdings Plc shares tumbled 8% after the company gave a disappointing sales forecast amid a slump in smartphone sales and uncertain timing for new licensing deals.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingIsrael Latest: Biden Says Gaza Hospital ‘Must Be Protected’China Weighs Ending Freeze on Boeing With 737 Max Deal in USStock Traders Sitting on Their Hands