NASDAQ:ARM - Nasdaq - US0420682058 - ADR - Currency: USD
AI chip stocks trading lower in sympathy with Marvell's weak guidance. Concerns over US chip subsidies and tariffs impacting semiconductor ecosystem.
Arm Holdings-ADR (NASDAQ: ARM), a subsidiary of SoftBank Group Corp. (OTC: SFTBY), has entered into a $250 million agreement with Malaysia to supply chip designs and technology for the next ten years.
Arm Holdings Plc has agreed to provide chip designs and technology to Malaysia over the next decade, aimed at catapulting the Southeast Asian country beyond chip assembly and into more valuable semiconductor production.
Chipmaker Lattice Semiconductor stock had its Relative Strength (RS) Rating upgraded from 78 to 84 Wednesday.
Nvidia stock sank 8.8% Monday to its lowest closing price since last September as reports surfaced of the tech giant’s AI chips reaching China despite export controls.
Nvidia stock sank 9.8% Monday to its lowest level since last September as reports surfaced of the tech giant’s AI chips reaching China despite export controls.
Nvidia stock fell as much as 5% Monday as reports surfaced of the tech giant’s AI chips reaching China, raising investor fears the company might face more scrutiny around its exports.
Arm Holdings Plc is set to sign a pact next week to establish a base in Malaysia, Bernama reported on Friday, citing Prime Minister Anwar Ibrahim.
Arm stock rallied on news that the chip design company is planning to introduce its own chip and has secured Meta as a customer.
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Readers shared their views with Yahoo Finance on why Nvidia's stock may look "cheap" on a price-to-earnings ratio basis.
Despite Nvidia offloading shares, bullish sentiment remained strong for Arm, SoundHound, and Serve Robotics among retail investors on Stocktwits.
Nvidia disclosed in a regulatory filing Friday that it sold off three tech stocks and added stakes in two others. Nvidia stock rose.