Semiconductor shares climb back, though gains remain limited
Semiconductor shares recovered from a 6% morning slide to trade down roughly 1% as of midday Friday. SOXX stood at $525.43 after falling to $498.69 earlier in the session.
Arm Holdings (NASDAQ: ARM) falls 7% as rich valuation amplifies chip selloff
Arm Holdings fell 7.5% to $256.13 in late Thursday trading. The drop erased about $21.9 billion from its market value.
Semiconductor Stocks Drop as Korea’s $576 Billion Plan Rattles AI Supply Outlook
U.S. chip stocks dropped hard Monday, with the Philadelphia semiconductor index sliding 3.6% in late-morning deals as Micron Technology, Sandisk, and SK Hynix paced the losses. Oil prices moved higher on renewed U.S.-Iran fighting, spurring a wider risk-off move. “The conflict is testing whether the stock market’s broad-based growth can hold,” said Alex Guiliano, chief investment officer at Resonate Wealth Partners.
Arm Holdings plc (NASDAQ:ARM) stock: light-volume 6.6% drop leaves AI chip bet at 67 times sales
Arm Holdings plc went into the long U.S. weekend with a sharp drop that looked heavier than the tape behind it. The shares fell 6.58% on Thursday to $315.28, the last regular session before Nasdaq shut on Friday for Independence Day observed.
Nasdaq under pressure with chip names lower; futures drift before jobs data
U.S. stock-index futures pointed to a mixed start Thursday. Dow and Russell 2000 futures edged up in early New York trading, but Nasdaq 100 futures slipped. Traders are watching for a jobs report that could shift rate hike bets ahead of a three-day break. Nasdaq’s premarket goes from 4:00 a.m. to 9:30 a.m. ET, and the regular session opens at 9:30 a.m. and ends at 4:00 p.m. ET.
Arm spikes as Bernstein eyes $500 target on AI CPU demand
Arm Holdings’ U.S. shares surged Wednesday after Bernstein raised its price target on the British chip firm. The move added to a strong rally linked to AI data center CPU demand. Arm finished the session up 5.69% at $418.88, after touching $444.80 intraday.
SMH Hits Another High as AI Chip Stocks Rally Beyond Nvidia
• SMH traded above $646 around midday Monday, after finishing at $619.96 on June 12.• Lam Research, Marvell, Arm, ASML and Kulicke & Soffa extended their gains, building on last week’s chip rally.• Market strength continued as buyers stayed with AI infrastructure names.
Super Micro Stock Jumps Again as AI Server Boom Gets Fresh Fuel From HPE, AMD and Arm
Super Micro Computer shares rose about 5% in early trading on Tuesday, outpacing a softer Nasdaq, as investors kept bidding up AI server makers after Hewlett Packard Enterprise’s strong results and Supermicro’s latest product launches for large data centers.
Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule
Arm Holdings could hit its $15 billion annual revenue goal for AI chips sooner than it expected, CEO Rene Haas said, as demand for data center central processors is picking up. Haas told Bloomberg Television he was “very confident” about the target, according to Seeking Alpha. Reuters also reported demand for Arm’s chips is higher than eight weeks ago.
Arm’s $2 Trillion Question Puts Focus on CEO Pay Plan
Arm Holdings shares moved higher in premarket Nasdaq trading on Monday, as investors looked at a pay proposal that would tie CEO Rene Haas’s payout to how much he can grow the company through its AI plans. Arm was last seen at $353.29, up $18.05 from the prior close, putting its market value at about $370 billion.
Arm stock jumps as traders look at AI chip potential and $360 call
Arm Holdings’ U.S. shares move toward Friday’s Nasdaq trading after the chip designer soared 10.8% Thursday, hitting a new record as investors piled into AI server names again.
Arm Shares Surge as Nvidia Vera CPU Shifts AI Market Toward Arm
Arm Holdings stock surged in New York Thursday as another upbeat analyst note linked the British chip designer even more to Nvidia’s AI CPU push. Arm’s U.S. shares climbed 12.7% to $341.28 late in the morning, after reaching $345.49 earlier in the session.
Arm’s 46% AI Jump Is at a Crossroads After Nvidia Surge
Arm Holdings shares edged lower Tuesday morning in New York after a quick AI rally that sent the chip stock close to record highs and past Bernstein's $300 target. The U.S.-listed stock lost 1.3% to $302.44 after an open at $317.52 and a high of $323.89.
Spotify Stock Is Jumping Again — Here’s the AI Bet Wall Street Just Bought
Spotify Technology shares rose again on Friday, extending a sharp rally sparked by the company’s new artificial-intelligence music tools, a Universal Music Group deal and fresh profit targets through 2030. The stock was recently trading near $528, up about 8% from Thursday’s $489.93 close, after a 13% jump the previous session.
Arm breaks above $300 as AI CPU bets heat up on Wall Street
Arm Holdings stock topped $300 on Friday morning, as the rally kept running. The chip designer hit $300.89 by 9:58 a.m. Eastern, up 0.9%, according to MarketBeat. Arm is now in the thick of the AI semiconductor trade.
AI Stocks Rally, Deere Misses Out
AI stocks were out front on Thursday as Wall Street picked up names beyond Nvidia. Arm, Rigetti Computing, IBM, Bloom Energy and Spotify all rallied as investors looked for new bets in chips, quantum computing, power and AI-focused products.
Arm jumps in premarket on AI chip hopes
Arm Holdings’ shares are near record highs in Thursday’s premarket, after closing up 15% at $256.73 on Wednesday. The British chip designer’s Nasdaq-listed stock jumped as investors bet on more demand for CPUs in AI data centers. Arm hit an intraday high of $259.44.
Arm Jumps 15% as AI CPU Trade Picks Up
Arm Holdings’ U.S.-traded ADRs jumped Wednesday, with buyers snapping up chip names with ties to artificial intelligence infrastructure.
Dow Jones Rises Past 50,000 Again After Closing Bell
Dow tops 50,000 again as stocks bounce back The Dow Jones Industrial Average closed at 50,005.30 on Wednesday, up 1.30%, after sliding for three sessions on worries about inflation and bonds. The blue chips had ended at 49,363.88 the day before. In the session, the Dow traded as high as 50,013.62, according to market data.
US Stock Market After-Hours Update: Futures Slip as Oil Jumps on Fresh Iran Fighting
U.S. stock futures edged lower in Thursday’s after-hours session, with oil prices surging after the U.S. and Iran traded fire, clouding the month-old Middle East ceasefire. S&P 500 futures slipped roughly 0.2%. U.S. crude futures jumped over 2%, reaching $96.8 a barrel.