15 AI News You Should Not Ignore

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11. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38    

Arm Holdings plc (NASDAQ:ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers. On November 25, UBS initiated coverage of the stock with a Buy rating and $160 price target, which represents 20% upside. Artificial intelligence is driving positive growth vectors across all of Arm’s key end markets, with data center particularly fertile ground as the customer base for its intelligence property licenses expands and cloud customers push for more power optimized CPU architectures, the advisory told investors in a research note.

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