Arm Stock Bounces Amid Apple Rumors
AAPLApple(AAPL) Schaeffers Investment Research·2024-09-09 22:44

Shares of chipmaker Arm Holdings (NASDAQ:ARM) are up 3.3% to trade at 121.15atlastcheck,aftertheFinancialTimesreportedthecompany′sartificialintelligence(AI)chiptechnologywillbeusedinApple′s(AAPL)iPhone16thatisslatedforunveilinglatertoday.SincegoingpublicinSeptember2023,ARMhasoutperformedonthecharts.Thesecurityboastsan88.8121.15 at last check, after the Financial Times reported the company's artificial intelligence (AI) chip technology will be used in Apple's (AAPL) iPhone 16 that is slated for unveiling later today.Since going public in September 2023, ARM has outperformed on the charts. The security boasts an 88.8% nine-month lead, and is up 62.9% in 2024. On July 9, Arm stock touched an all-time high of 188.75, though it's pulled back considerably sin ...