Chip designer ARM (ARMHF) is reportedly looking to raise at least $8B through a US initial public offering later this year. ARM, which owned by Japanese conglomerate Softbank (OTCPK:SFTBY), is ...
The big picture: The AI boom is significantly changing the enterprise and data center market. Arm predicts that chips based on its designs will soon amount to around 50% of CPUs used in data centers.
The company is now looking to take a big share of the PC market. Arm has some nice tailwinds, but the stock's valuation is pretty hefty. The company recently jumped into another market, with Arm CEO ...