Five small IPOs debuted and four SPACs listed this week as the government shutdown continues to complicate listings. Two sizable IPOs are scheduled for the week ahead, both of which launched after the government shutdown began. Street research is expected for six companies in the week ahead, and two lock-up periods will be expiring.
Shares of Arm Holdings (ARM -0.30%) jumped this week, primarily as part of Monday's surge in tech and artificial intelligence (AI) stocks in response to cooling trade tensions with China after President Donald Trump stepped them up last Friday.
Shares of Arm Holdings PLC - ADR (NASDAQ:ARM) are up 2.1% to trade at $174.26 at last glance, after the chip giant made a deal with Facebook parent Meta Platforms (META) to manage discovery and personalization across its apps.
Arm Holdings CEO Rene Haas discussed artificial intelligence technology's energy use in an interview with CNBC's Jim Cramer. He suggested that over time, a large number of multi-gigawatt data centers won't be sustainable.
Meta Platforms said it is partnering with chip tech provider Arm Holdings to power the systems that drive personalization across its apps, including Facebook and Instagram, as companies rush to upgrade the chip technology underpinning their services.
Nvidia (NVDA -4.84%) and Broadcom (AVGO -5.90%) are among the top-performing semiconductor stocks in the past year, as both companies benefited big time from the booming demand for their artificial intelligence (AI) chips deployed in data centers to accelerate AI workloads. Broadcom's stock price surged an impressive 91% in the past year, while Nvidia has respectable gains of 45%.
The major U.S. equities indexes dropped sharply Friday afternoon, wiping out early gains after President Trump threatened "massive" tariffs on Chinese goods in response to China's move to tighten rare earths export curbs. The Dow, S&P 500, and Nasdaq all lost over 1%.
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