Investor's Business Daily13h agobullish
Chip Designer Arm Tops Estimates With March-Quarter Results, OutlookChip designer Arm Holdings beat estimates for its fiscal fourth quarter and with its outlook. Arm stock rose in extended trading.
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Chip designer Arm Holdings beat estimates for its fiscal fourth quarter and with its outlook. Arm stock rose in extended trading.
Advanced Micro Devices (AMD) reported solid results and an upbeat outlook but further outperformance
A strong report from AMD was good news for Arm.
U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending. AMD jumped nearly 18% in premarket trading and is on track to hit a record high if gains hold in market hours, while rival Intel rose 6%. Chip designer Arm Holdings soared 11%, while Qualcomm gained about 4%.
The chipmaker's data center segment brought in $5.8 billion, up 57% year over year, as AMD raised its second-quarter revenue outlook to $11.2 billion
The stock is benefiting from the increasing demand for CPUs.
Stocks were back near their highest levels on record after Wall Street turned its attention away from Iran and back to earnings season. The Dow rose 305 points, or 0.6%. The S&P 500 was up 0.7%. The Nasdaq was up 0.
Is ARM a good stock to buy? We came across a bullish thesis on Arm Holdings plc on Rijnberk InvestInsights’s Substack by Daan | InvestInsights. In this article, we will summarize the bulls’ thesis on ARM. Arm Holdings plc’s share was trading at $175.49 as of April 21st ARM’s trailing and forward P/E were 233.47 and 85.47 […]