An exterior view of the NVIDIA headquarters in Santa Clara, California, May 30, 2023. Justin Sullivan | Getty Images Intel stock dropped more than 3% during trading on Monday after Reuters reported that Nvidia and AMD were working on Arm-based PC chips. Arm stock rose more than 6%, and Nvidia gained nearly 4% during late-day … Read more
Bymuratdeniz | E+ | Getty Images Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition company Bridgetown Holdings. Bridgetown Holdings Limited is backed by Thiel Capital – PayPal co-founder Peter Thiel’s venture capital firm – and Pacific Century Group, a … Read more
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic, … Read more
Albert Liu, founder and CEO of Kneron. Harry Murphy | Sportsfile | Getty Images Kneron, a U.S.-based semiconductor startup, said on Tuesday it raised a fresh round of funding as it looks to ramp up the commercialization of its artificial intelligence chips, which it hopes will rival Nvidia’s. The company said it raised an additional … Read more
Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023. Courtesy: Nasdaq After a 21-month tech IPO freeze, the market has cracked opened in the past week. But the early results can’t be encouraging to any late-stage startups lingering on the sidelines. Chip designer Arm debuted last Thursday, followed by grocery-delivery company Instacart this … Read more
Fidji Simo, chief govt officer of Instacart Inc., speaks throughout an interview in San Francisco, California, on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Photos Grocery-delivery platform Instacart raised its preliminary value vary to between $28 and $30 per share in a regulatory submitting Friday, aiming for a valuation of as … Read more
Arm Holdings jumped one other 6% on Friday in U.S. premarket commerce, persevering with its rally after its Nasdaq debut this week. The British chip designer’s shares have been buying and selling at simply over $67 round 6:10 a.m. ET, implying a valuation of greater than $72 billion. Arm shares have been even larger earlier … Read more
Rene Haas, chief government officer of Arm Ltd., heart, in the course of the firm’s IPO on the Nasdaq MarketSite in New York, US, on Thursday, Sept. 14, 2023. Michael Nagle | Bloomberg | Getty Pictures This report is from right now’s CNBC Every day Open, our new, worldwide markets e-newsletter. CNBC Every day Open … Read more
SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose for a photograph on the Nasdaq MarketSite on September 14, 2023 in New York Metropolis. Michael M. Santiago | Getty Photos Shares of chip design firm Arm Holdings began buying and selling on the Nasdaq Thursday morning in a long-anticipated IPO at a share … Read more
The Arm U.S. headquarters in San Jose, California, Sept. 6, 2023. David Paul Morris | Bloomberg | Getty Pictures Arm, the chip design agency that provides core expertise to corporations together with Apple and Nvidia, priced its preliminary public providing at $51 a share. Arm’s totally diluted market cap, which incorporates excellent restricted inventory items, … Read more