ARM Holdings (ADR)

Arm Holdings doubled its demand forecast for its new chip line to $2 billion but cannot currently fulfill orders due to limited capacity. The company is working to expand supply and expects chip revenue to begin in the fourth quarter of the current fiscal year. Operating expenses are expected to rise slightly sequentially each quarter this year, but the company expects revenue growth to outpace cost growth by year-end. After the conference call, the share price fell 7.2%. » More on finanzen.net

Shares of Arm Holdings showed renewed strength after a low of $80.00 in April and a recovery to $168.31. On Oct. 1 a high‑volume price surge pushed the stock above several moving averages, the Ichimoku cloud and a downward gap, leaving the short‑term technical bias bullish. As long as the support zone at $141.68–$145.27 holds on a daily close, upside targets at $150.77/151.25, $153.87–$155.31 and $158.89 remain plausible; a drop below $136.45–$139.62 would turn bearish with possible targets at $130.21 and $127.03. » More on finanzen.net

Arm’s stock gained after Reuters reported that Qualcomm is using the Arm v9 computing architecture for its latest PC and smartphone chips. The v9 architecture brings improvements for AI applications and is likely to mean higher licensing fees for Arm. The move marks an important development in the companies’ relationship following their legal dispute last year. » More on de.investing.com