Why Arm Stock Was Gaining Again Today
Shares of Arm Holdings (NASDAQ: ARM) were moving higher for the second day in a row as investors continued to react positively to Nvidia's affirmation of the CPU boom in its earnings call on Wednesday. The chip giant called out a $200 billion addressable market for CPUs and forecast $20 billion in revenue from its Vera CPU, which complements the new Rubin GPU.
As of 11:50 a.m. ET, the stock was up 3.1% on the news, after gaining as much as 5.6% earlier in the session. Other CPU stocks like Intel and AMD were up on the news as well.
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Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
