13 AI News and Ratings You Probably Missed

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11. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38

Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU products and related technologies for semiconductor companies, supporting markets such as automotive, consumer tech, and IoT. The company also focuses on AI, offering system IPs, microprocessors, and compute platforms for various applications.

SoftBank Group and Arm Holdings (NASDAQ:ARM) are reportedly exploring a potential acquisition of Ampere Computing, a semiconductor designer backed by Oracle, as per Bloomberg. Ampere was valued at $8 billion during a 2021 SoftBank investment proposal and the company is assessing strategic options and has attracted interest from Arm and other potential buyers. The company has faced challenges in pursuing an IPO and operates in a competitive market with increasing demand for AI-focused chips like Nvidia’s accelerators, the report states. A potential deal would align with Arm’s push to expand into data center processors and improve its capabilities with Ampere’s engineering expertise.

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