The semiconductor industry has surged alongside the rise of artificial intelligence (AI), positioning companies like Arm Holdings (NASDAQ: ARM) to benefit from increased demand.
Icahn Enterprises LP's stock fell 9% early Friday, after a report that Carl Icahn's investing arm is planning to cut its dividend to help raise the funds to expand his stake in portfolio company CVR Energy
Chip designer Arm Holdings PLC (NASDAQ:ARM) delivered strong second-quarter results, with Citi analysts noting the company is "executing crisply" by consistently surpassing revenue expectations. Its growth is largely fuelled by strong licensing sales, though royalty income remains affected by broader industry cycles.
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