Arm Holdings (ARM) Climbs 16% on AI Chip Foray, Earns Meta Backing

Arm Holdings PLC (NASDAQ:ARM) is one of the 10 Stocks Investors Are Buying Now. Arm Holdings rebounded by 16.38 percent to close at $157.07 apiece, as investors gobbled up shares following news that it is making a foray into chip production and has earned the backing of Meta Platforms for the initiative. In a statement, Arm Holdings PLC (NASDAQ:ARM) announced its entry into silicon production with the launch of AGI CPU, a new product designed for AI data centers, which is capable of addressing a rising c ...