Jefferies has increased its price target for Arm Holdings to $320 from $290, citing stronger demand for AI-related CPUs after the company's fiscal 2026 results. The firm expects Arm's AI CPU revenue to reach $18 billion by fiscal 2031, surpassing the company's own guidance of $15 billion, driven by new customers like Oracle and ByteDance and growing AI applications. Jefferies also forecasts revenue growth above 40% annually through 2031 and highlights potential expansion in data center royalties and AI accelerators. This outlook supports Arm's potential to outperform the broader semiconductor sector.
The 2026 IPO market opened strongly with SpaceX's $86 billion listing in June, sparking interest in other major IPOs like Anthropic and OpenAI. The Renaissance IPO ETF offers investors broad exposure to recent large US IPOs, holding top companies lik...
Wall Street faces a critical week with Nvidia's earnings report, a key inflation update, and Federal Reserve Chair Kevin Warsh's speech at Jackson Hole shaping market direction. Nvidia's results will test the strength of AI-driven spending, while the...
Nvidia's earnings report on Wednesday is the week's most anticipated event, with options pricing in a 6% share move due to factors like AI infrastructure demand, product ramp timing, China exposure, and new financing partnerships. Analysts warn of po...
