Tag: $Arm Holdings

U.S.-listed shares of chip designer Arm Holdings fell 6% premarket after its quarterly forecast disappointed investors, who had high expectations due to AI-driven interest in chip companies.

Arm Holdings was tumbling on Thursday after its quarterly earnings report. That’s a buying opportunity according to J.P. Morgan analysts.

Arm Holdings  stock will replace Sirius XM Holdings in the Nasdaq 100 and other Nasdaq indexes before the start of trading on June 24, according to a Nasdaq press release Thursday evening.

Arm Holdings, the U.K.-based chip maker best known for its involvement with Apple ’s iPhones, has plans to launch its first artificial intelligence semiconductors next year.

Shares of British chip designer Arm fell 8.8% in premarket trading on Thursday, as lackluster revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications.

Arm Holdings surged more than 25% on Thursday driven by strong forecasts as customers aim to design new chips for artificial intelligence work that could bump up royalties for the British tech firm.

Arm reported second fiscal quarter earnings on Wednesday.

Arm Holdings jumped another 6% on Friday in U.S. pre-market trade, continuing its rally after its Nasdaq debut this week.

Arm, the chip design firm that supplies core technology to companies including Apple  and Nvidia , priced its initial public offering at $51 a share.

Chip design firm Arm on Tuesday submitted an updated filing for its upcoming blockbuster initial public offering on the New York Stock Exchange, setting a price range between $47 and $51.

Arm, which is owned by SoftBank, filed on Monday to list on the Nasdaq.

A group of Silicon Valley’s biggest private tech companies are dusting off long-delayed plans to list their shares, with the upcoming initial public offering of chip designer Arm set to provide a new gauge for market sentiment.

The investor frenzy over artificial intelligence may reach a crescendo yet with the initial public offering of Arm Holdings. There are signs that the high-tech chip designer is readying for a listing as the market reaches peak hype.