Shares of ARM Holdings surged more than 40% on Monday, adding to a staggering rally fuelled by AI optimism.
“The thing I worry about most is humans losing capability” over the machines, said Rene Haas, CEO of ARM.
Apple is set to capitalise on a computer market resurgence when the company unveils M3 Macs on Tuesday.
Nvidia dominates the market for AI computing chips. Now it is coming after Intel’s longtime stronghold in PCs.
Possible government restrictions could hold back the global tech industry, Risc-V International’s CEO said.
Chip designer ARM Holdings secured a $54.5-billion valuation in its initial public offering ahead of its listing on Thursday.
There’s a scramble among the world’s biggest technology companies to snap up shares in ARM Holdings.
ARM has disclosed the paperwork for an initial public offering that is expected to be the largest of the year.
Apple and Samsung Electronics will invest in ARM at its initial public offering, expected in September, a report said.
ARM is in talks to bring in Nvidia as an anchor investor as it presses ahead with plans for a New York listing, the FT reported.