Arm Holdings saw a 6% surge in shares at market open on Friday, although the gains tapered off in its second day of trading on Nasdaq following its IPO debut on Thursday. During the market open, the British chip designer’s shares were valued at just over $67, giving it a market capitalization of over $72 …
Arm’s highly anticipated debut on the Nasdaq exchange is a major win for SoftBank, which recently spun off the company it acquired in 2016. However, Wall Street is scratching its head over the valuation. The UK-based chip design company saw its stock surge 25% to $63.59 after its initial public offering (IPO), pushing its fully …
Tech industry titans, including Elon Musk and Palantir co-founder and CEO Alex Karp, gathered at the U.S. Capitol for a bipartisan Artificial Intelligence (AI) Insight Forum hosted by Senate Majority Leader Chuck Schumer. The purpose of the meeting was to discuss AI regulation and establish guidelines for the powerful technology. Musk described the meeting as …
A View of Virginia Gas Prices at Highest Level in a Year Celal Gunes | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you …
Visitors shop at the Apple Flagship Store, which is temporarily open due to an upgrade, in Shanghai, China, July 18, 2023. CFOTO | Future Publishing | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, …
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Discover the companies making headlines in midday trading. WestRock — The stock gained 5% in midday trading on news of an impending merger with Smurfit Kappa, creating a …
Phil Spencer, CEO of Microsoft Gaming, made a grand appearance at the Political Opening of the Gamescom conference held in Cologne, Germany on August 23, 2023. Franziska Krug | German Select | Getty Images Microsoft is witnessing an incredible demand for its latest video game, Starfield, as revealed by Phil Spencer, the CEO of Microsoft’s …
A smartphone with a displayed Arm Ltd. logo is placed on a computer motherboard in this illustration taken March 6, 2023. Dado Ruvic | Reuters Chip design firm Arm revealed in a filing on Tuesday that tech giants like Apple, Google’s parent company Alphabet, Nvidia, and others are showing interest in purchasing up to $735 …
Qualcomm, a leading technology company that powers most smartphones, has been a pioneer in wireless connectivity since the 1980s. Its patented core technologies have enabled licensing fees for every device that uses its wireless communication solutions, including the latest 5G modems. While Qualcomm was once the largest fabless chip company, Nvidia recently surpassed it in …
Qualcomm, known for its chips and modems in Android phones, has expanded its reach to the automotive industry. It offers a comprehensive package of hardware chips, sensors, and software called Snapdragon Digital Chassis to automakers like GM, Hyundai, and Volvo. The company is now leveraging the buzz around generative artificial intelligence to persuade automakers to …