Arm Holdings stock price increased by 4.6% on Friday due to plans to unveil new data center strategy

From Nasdaq: 2024-07-12 18:37:37

Arm Holdings (NASDAQ: ARM) saw a 4.6% increase in stock price on Friday. Plans to unveil a new data center strategy during quarterly earnings are stirring investor interest. Arm could compete in the data center market with CPUs amid growing AI applications. Arm and Intel’s partnership could challenge Nvidia’s dominance in advanced GPUs. Intel projects $1 billion in software revenue by 2027, potentially benefiting Arm’s AI endeavors.
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