The Nasdaq rose 1.1% driven by Arm Holdings' 15% surge after launching its first in-house data center chip, the AGI CPU, with Meta as a key customer. This marks Arm's shift from licensing to manufacturing, aiming for $15 billion annual revenue from the chip within five years. Concurrently, oil prices fell over 5% due to potential US-Iran peace negotiations, easing inflation concerns and boosting market sentiment. The rally depends on progress in Iran talks and oil stability, with market volatility still high, suggesting gains may be fragile.
Bank of America highlights a divergence in earnings outlooks for CPU makers AMD, Intel, and ARM amid a mixed market. While PC and smartphone sales are declining, AI server chip demand is surging, benefiting AMD with expected earnings beats and raised...
The REX AI Equity Premium Income ETF (AIPI) changed its distribution schedule from monthly to weekly payments while maintaining a similar annual yield near 35%. The fund generates income by selling call options on AI-focused stocks like Palantir and ...
