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Why Arm Holdings Took Off on Friday

TheMotleyFool 
0 0 24.04.26
Why Arm Holdings Took Off on FridayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

Shares of Arm Holdings (NASDAQ: ARM) rallied 14.9% on Friday as of 12:02 p.m. EDT.

Arm was rallying alongside (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD) today, following Intel's strong earnings release last night.

Intel's data center business showed outsize growth in the first quarter, despite supply constraints. The outperformance confirmed recent reporting that CPU demand was taking off amid the advent of agentic AI.

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Source Fool.com

Intel Corp. Stock

€87.92
1.590%
There is an upward development for Intel Corp. compared to yesterday, with an increase of €1.38 (1.590%).
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -20.38% for Intel Corp. as the target price of 70 € is below the current price of 87.92 €.
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