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Arm stock gains in premarket as CEO Rene Haas highlights off-the-charts AI demand, data center growth, and severe supply constraints.
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Arm Holdings stock jumped 8.57% after CEO Rene Haas announced the company is on track to generate $2 billion from its new AI chip, with supply constraints easing. The AGI CPU represents Arm's first fully developed chip offering and addresses a massive market opportunity expected to grow to $170 billion by 2030.
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ARM gains 3% on Tuesday despite broader market weakness. Track key price levels, technical analysis, and Wall Street ratings.
ARM fell to $240.40 amid a broader semiconductor pull-back. Key technical levels show support near $233.50 with long-term momentum intact.
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