Why Is Arm Stock Surging on Thursday?
Arm Holdings PLC (NASDAQ: ARM) stock surges Thursday following Nvidia’s Q2 financial results and optimistic guidance for AI infrastructure buildout.
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Arm Holdings PLC (NASDAQ: ARM) stock surges Thursday following Nvidia’s Q2 financial results and optimistic guidance for AI infrastructure buildout.
Read original at benzingaArm Holdings shares climbed 4.76% in after-hours trading Wednesday, extending gains after an expanded IBM collaboration announcement.
Read original at benzingaRaymond James analyst Simon Leopold upgraded AMD to strong buy with a $641 price target, citing optimistic growth in server CPUs driven by agentic AI demand. AMD expects server CPU revenue to grow over 80% year-over-year in H2 2026 and over 70% in 2027, with the CPU-to-GPU ratio in data centers shifting to 1-to-1. While AMD stock trades at a premium P/E ratio of 116, Leopold believes AMD offers the strongest combination of earnings leverage and market-share gains among competitors.
Read original at the-motley-foolCathie Wood's Ark Invest added to positions in Broadcom, Cerebras Systems, and Cloudflare on Wednesday, taking advantage of market pullbacks. All three stocks have declined 14-53% from recent all-time highs but show strong revenue growth and business fundamentals, with Broadcom expected to report 85% revenue growth and Cerebras showing 74% growth despite customer concentration concerns.
Read original at the-motley-foolBroadcom (AVGO) stock rises nearly 2% premarket following strong NVIDIA earnings. Get technical analysis, target prices, and Q3 forecasts.
Read original at benzingaKyndryl (NYSE:KD), a leading provider of mission-critical enterprise technology services, today announced an expanded strategic alliance with Broadcom to deliver end-to-end consulting services for VMware Cloud
Read original at benzinga