Arm Holdings reported Q1 revenue of $1.29 billion and adjusted EPS of $0.45, both exceeding analyst estimates. The chip design company also posted strong license, royalty revenues, and maintained a 98.1% gross margin. For Q2, Arm projects revenue between $1.33 billion and $1.43 billion and adjusted EPS of $0.43 to $0.51, surpassing expectations. This robust performance and optimistic guidance boosted shares by 6.1% in early trading.
Chip stocks rallied strongly following robust earnings reports from Microsoft and Lam Research, with Lam Research shares jumping 20% and Microsoft rising 15%. The surge was driven by increased demand for AI-related infrastructure, as companies invest...
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
The Silvant Large Cap Growth SMA achieved a quarterly return of 14.61% (gross) and 13.79% (net), underperforming the Russell 1000 Growth Index, which returned 16.74%. Key contributors to the fund's relative performance included ARM Holdings and Appli...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
