Arm Holdings' stock rose 10% after the company reported record revenue driven by its smartphone and AI businesses. Arm revealed it has secured over $2 billion in customer demand for its first-ever data-center CPU, with orders extending through fiscal 2028. This marks a significant expansion into the CPU market, signaling strong future growth potential. Investors are optimistic about Arm's diversification beyond chip design into data-center processors.
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 ...
