Shares of Arm surged 11% and Qualcomm rose 5% following strong earnings and growth prospects in the chip-architecture sector. Arm reported a 20% revenue increase, driven by booming demand for its AI-focused data center chips, with over $2 billion in customer demand forecasted. Qualcomm beat revenue and earnings estimates, showing growth in automotive and IoT segments while preparing for a major data center push using ARM architecture. Investors await Qualcomm's June 24 Investor Day for more details, as both companies compete and collaborate in the evolving chip market.
Altimeter Capital, led by Brad Gerstner, fully exited its 519,290 shares in Alphabet in Q1 2026, shifting its investment to two new positions: 1.7 million shares in Arm Holdings and nearly 149,000 shares in Axon Enterprise. This move reflects a strat...
Arm Holdings trades around $342, considered fairly valued but with a preferred entry point near $310 amid market volatility and Fed hawkishness. The company leads in AI infrastructure, shifting from smartphone CPU royalties to high-demand data center...
AI token spending is decreasing as the era of subsidies ends and billing based on actual compute usage becomes standard. This change reflects a maturing AI market where pricing now balances supply, demand, and resource allocation more efficiently. Co...
Recent flow data shows robust institutional participation in AI infrastructure, semiconductors, cybersecurity, and communications technology sectors, with notable activity in leveraged technology ETFs and transportation. Key companies like Old Domini...
Shares of Qualcomm and Arm Holdings fell 6% and 5% respectively amid a broader semiconductor sector decline driven by profit-taking, rate worries, and weak AI guidance from Broadcom. Qualcomm's recent revenue beat was offset by a 13% drop in handset ...
