Arm Stock in Focus After Reportedly Planning to Launch AI Chips
Arm plc(ARM) Investopedia·2024-05-13 10:05
Key TakeawaysArm stock will be in focus on Monday after a report surfaced Sunday that the British chip designer plans to launch artificial intelligence chips in 2025.The company reportedly plans to establish a new AI chip unit and build a porotype by spring next year before turning to contract manufacturers to have the chips mass produced by fall 2025.Arm shares currently trade within a rising wedge, with a breakdown leading to a possible test of $79, while a breakout could see the price climb up to resista ...