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Arm Ipo

All articles tagged with #arm ipo

business2 years ago

Cathie Wood's Arm IPO Avoidance and the Future of Chip Stocks

Cathie Wood, CEO of Ark Invest, revealed that she did not participate in Arm's recent IPO due to concerns about the chip designer's overvaluation relative to its competitive position. Wood emphasized the importance of considering competitive dynamics and not solely focusing on AI when evaluating companies like Arm. She highlighted that her portfolios contain lower-priced stocks with greater exposure to AI. Wood also discussed the resurgence of interest in stocks with AI exposure, anticipating that the anticipation of interest rates peaking would further drive this trend. Additionally, Ark Invest acquired British thematic ETF issuer Rize ETF, marking its entry into the European passive investment market. Wood expressed optimism about the global potential for technology and innovation, stating that it is no longer limited to Silicon Valley.

via CNBC|
#ai#ark-invest#arm-ipo
finance2 years ago

UAW Strike Sends Stocks Tumbling, Dow Jones Futures Rise

U.S. stocks, including the Nasdaq and S&P 500, sank on Friday as enthusiasm for Arm's successful IPO waned and the United Auto Workers (UAW) initiated a strike against Detroit's Big Three automakers. The Dow Jones Industrial Average fell 0.8% but managed to gain 0.1% for the week. The UAW strike, the first against all three automakers simultaneously, could impact the near-term ambitions of the automakers and cost the U.S. economy billions of dollars. Meanwhile, Adobe posted better-than-expected results, and Apple plans to update iPhone 12 software in France to address radiation concerns.

via Investopedia|
#arm-ipo#consumer-sentiment#dow-jones
finance2 years ago

"US Futures Surge as Arm IPO and Retail Sales Boost Market Confidence"

US futures are rising as investors anticipate that the Federal Reserve will not raise interest rates at its next meeting following modest inflation in August. S&P 500 futures gained 0.4%, Dow Jones Industrial Average futures ticked up 0.3%, and Nasdaq 100 futures added around 0.5% ahead of Arm's IPO. Traders expect a 97% chance of rates remaining steady at the September meeting. Additional inflation data, including producer prices and retail sales, is scheduled for release. The ongoing rally in oil prices and the European Central Bank's interest rate decision are also being closely watched.

via Yahoo Finance|
#arm-ipo#federal-reserve#finance