{"id":60873,"date":"2023-09-14T09:03:37","date_gmt":"2023-09-14T13:03:37","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/nvidia-amd-other-chip-stocks-boosted-by-arm-ipo\/"},"modified":"2023-09-14T09:03:41","modified_gmt":"2023-09-14T13:03:41","slug":"nvidia-amd-other-chip-stocks-boosted-by-arm-ipo","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=60873","title":{"rendered":"Nvidia, AMD, Other Chip Stocks Boosted by Arm IPO"},"content":{"rendered":"
\n
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<\/p>\n

<\/p>\n<\/figure><\/div>\n

Semiconductor stocks are getting a boost on Arm\u2019s first day of trading, bolstered by optimism for the sector and the hype from artificial intelligence.<\/p>\n

Shares of
\n Nvidia
\n (ticker: NVDA), the biggest chip maker by market capitalization, added 1.1% in premarket trading. Advanced Micro Devices (AMD) climbed 0.7%. Micron rose 1.1%.<\/p>\n

\n

U.K.-based chip designer Arm priced its U.S. initial public offering at $51 a share, the top of the expected range. The IPO is the biggest of the year so far, and gives the company a market value of almost $55 billion. The shares debut on the Nasdaq Thursday under the symbol ARM.<\/p>\n

Arm designs chips for many semiconductor manufacturers, including the processors used in most current smartphones. Arm doesn\u2019t manufacture chips itself.<\/p>\n

Asian and European companies also appeared to benefit from Arm\u2019s hype.
\n Taiwan Semiconductor\u2019s<\/span>
\n American depositary receipts (TSM) rose 0.8% early Thursday after the stock finished 2.2% higher in Taiwan. The Netherlands\u2019
\n ASML Holding
\n (ASML) climbed 0.4%, while Germany\u2019s
\n Infineon
\n (IFNNY) rose 0.3% in European trading.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Semiconductor stocks are getting a boost on Arm\u2019s first day of trading, bolstered by optimism for the sector and the hype from artificial intelligence. Shares of Nvidia (ticker: NVDA), the biggest chip maker by market capitalization, added 1.1% in premarket trading. Advanced Micro Devices (AMD) climbed 0.7%. Micron rose 1.1%. U.K.-based chip designer Arm priced […]<\/p>\n","protected":false},"author":1,"featured_media":60874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-60873","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nNvidia, AMD, Other Chip Stocks Boosted by Arm IPO | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Semiconductor stocks are getting a boost on Arm\u2019s first day of trading, bolstered by optimism for the sector and the hype from artificial intelligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=60873\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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