Rene Haas also claims artificial intelligence could pave way for widespread use of humanoid robots within five years
IBM is announcing today at the annual Hot Chips conference what may be the most consequential change to mainframe architecture in decades: a processor whose cores can natively execute both IBM's own instruction set and Arm's — switching between the two in nanoseconds. The chip, which will power the next generation of IBM Z and LinuxONE systems, is the first dual-architecture mainframe processor...
After a steep July sell-off, investors are chipping in again.
Arm Holdings PLC (NASDAQ:ARM) remains well positioned to benefit from long-term AI infrastructure growth, according to Citi, which reiterated its ‘Buy' rating and $300 price target while modestly increasing its fiscal 2027 forecasts following the company's latest quarterly results. Shares of Arm added more than 7% to trade hands at $241 on Thursday afternoon.
Arm Holdings PLC (NASDAQ:ARM) beat first-quarter revenue and profit estimates and issued upbeat second-quarter guidance, sending its shares up 6.1% in early Thursday trading. The chip design company reported revenue of $1.29 billion for the quarter, ahead of analyst estimates of $1.26 billion.
Arm Holdings shares climbed about 8% in trading on Thursday after the British chip designer reported fiscal first-quarter results that topped Wall Street expectations and issued stronger-than-expected guidance. Analysts broadly welcomed the results, highlighting accelerating demand for Arm's artificial intelligence-focused processor roadmap despite continued supply constraints.
The company reported a higher first-quarter profit of $270 million as demand for its chip designs exceeded expectations.