Stock of Arm Holdings Decreasing Daily
In a significant move, tech giants Nvidia and Intel have announced major investments in Arm Holdings, a leading player in CPU architecture.
As of 10:10 a.m. ET, Arm's stock has been pulling back, down 4.34% today, with a current price of $146.71. The company's market capitalization stands at $155B. Arm's volume today is 639,855, slightly lower than its average volume of 4,755,597.
Nvidia, a long-time collaborator with Arm, has announced a $5 billion investment in Intel. The tech giant also owns 1.1 million shares of Arm, worth approximately $150 million. This investment comes as Arm is making strides in chip design, moving from a company that licenses its CPU architecture into competition with Nvidia and other chip designers.
The investment will be used by Intel and Nvidia for the development of custom data center and PC products. Notably, Nvidia uses Arm's architecture for the Grace CPU superchip. The products will include those based on the x86 platform, which competes with Arm.
The news of these investments has sent waves through the tech industry. Nvidia's stock is up 3.1% on the news, while Intel's stock has spiked 26%. Arm's day's range is between $142.00 and $149.20, and its 52-week range is between $80.00 and $182.88.
This move may be related to Nvidia and Intel adapting to new competition as Arm enters the chip design market. Arm's gross margin is 94.71%, reflecting its financial strength and potential for growth.
The newest investor in Arm Holdings is SoftBank, which has made a multi-billion dollar investment reaffirming Arm's significant position in the global technology market and supporting its future developments and growth. This investment highlights Arm's importance to major industry players like NVIDIA and Intel, further strengthening its market position.
As Arm continues to make strides in chip design, the tech industry will be watching closely to see how this investment shapes the future of these tech giants and the industry as a whole.
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