Arm Holdings shares fell 8% on Monday, marking their largest decline since October and ending a seven-day winning streak. The drop was driven by investor concerns that Arm may not be involved in a significant chip project potentially led by Qualcomm and OpenAI. This decline also made Arm the biggest decliner in the Nasdaq-100 on that day. The shift in sentiment highlights uncertainties about Arm's future role in the competitive AI semiconductor market.
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 ...
