10 AI News and Ratings Making Waves on Wall Street

6. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38

Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU, GPU, and system IP products used across industries like automotive, IoT, and consumer technologies worldwide. According to the Financial Times, Arm plans to release its first in-house chip this year, shifting from licensing chip designs to producing its own processors. The new chip, aimed at servers in large data centers, will be customized for clients like Meta and manufactured by a third party such as TSMC. The move may put Arm in competition with major customers like Qualcomm and Nvidia. The company has seen significant growth since its Nasdaq listing, driven by its involvement in AI and partnerships with Nvidia and Amazon, the report states.