Previous Close | 340.00 |
Open | 340.00 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 1,180.00 |
Expire Date | 2024-05-17 |
Day's Range | 340.00 - 340.00 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Apple's latest M4 chip is bringing more AI capabilities, providing a look into the company's upcoming WWDC conference.
US chip manufacturing capacity is projected to triple by 2032, according to a new report published by the Semiconductor Industry Association, signaling progress nearly two years after President Biden signed the CHIPS and Science Act into law.
Bets that Arm will benefit from a surge in AI computing have doubled the chipmaker's share price since its initial public offer last September, giving it a market value of about $110 billion. "This is a typical case of ARM not being able to live up to heightened expectations," said CFRA Research analyst Angelo Zino, adding that Arm's business is overtly reliant on the smartphone market, which has recently shown slower growth. UK-based Arm, which earns by licensing its chip designs and through royalties, has been expanding into the data center market where operators are looking to build their own chips to power new AI models and reduce their reliance on dominant supplier Nvidia.