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Why Arm Holdings Stock Popped Today

TheMotleyFool

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Why Arm Holdings Stock Popped Today: https://g.foolcdn.com/editorial/images/871224/ai-lightbulb.jpg

Shares of Arm Holdings (NASDAQ: ARM) were moving higher today on news from Nvidia (NASDAQ: NVDA) first-quarter earnings report last night.

While Nvidia stock was actually down this morning, one of the big news items from its report was that Nvidia said it expected $20 billion in CPU revenue this year, with much of that coming from its Vera CPU, which is licensed from Arm.

Arm investors cheered the news, as it should translate into increased royalty revenue for the company, which is best known for its battery-efficient CPU architecture.

Source Fool.com

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