ARM enters September 18 with a September 17 close of $264.90, up 8.57% from the close on the 16th. It peaked at $267.00 during the session. The move was due to positive comments on visibility of Arm’s AGI data center CPU sales by Arm’s CEO, Rene Haas, on the 16th. Management has become more confident it can secure enough supply to meet roughly $2 billion of customer demand as ARM’s CPU supply becomes available. ARM’s stock also broke out of the $251.63 to $253.42 area and is currently facing resistance at $269.66 to $270.39.
AGI CPU Is Changing Arm’s Business Model
AGI is artificial general intelligence. In Arm’s case, it is a major shift in Arm’s business model and focuses on the design and creation of CPUs. Historically,…
