AI - What's Going On With Chipmaker Arm Holdings Stock? | Benzinga
Arm Holdings Plc (NASDAQ:ARM) shares are trading higher Tuesday amid strength in chip stocks.
What To Know:
Arm shares have gained more than 50% in the last month as artificial intelligence moves to smartphones. The ARM (Acorn RISC Machine) architecture is used in 99% of the world’s smartphone CPU cores.
Apple, Inc. (NASDAQ:AAPL), one of Arm's major customers, announced robust AI features coming to new iPhone models and iOS updates at its Worldwide Developers Conference last week. Arm shares rose 14% last week and the buzz from Apple's new AI ...