Arm Shares Jump 17% as Meta's Muse Agent Puts CPUs Back in Focus
Arm Holdings closed near $322.90, up 17%, after Meta chose it to co-develop a custom AI processor. CEO Rene Haas targets $2 billion in AI chip revenue amid supply bottlenecks.
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Arm Holdings
Topic
Arm Holdings
Arm Stock Rallies 37% as AGI CPU Demand Tops $2 Billion
Arm stock has surged 37% in a month as AGI CPU demand tops $2 billion, double the initial target. But an elevated multiple makes…