Vicor, Arm Holdings, Micron Technology And Other Big Stocks Moving Higher On Thursday

Why Arm Stock Popped Today

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.

Shares of chip companies are trading higher amid overall market strength, falling yields and declining oil prices. The industry may be boosted by recent talks between Intel and SK Hynix regarding U.S. chip manufacturing.

Arm CEO Says Demand Has ‘Never Been Stronger’

Arm stock gains in premarket as CEO Rene Haas highlights off-the-charts AI demand, data center growth, and severe supply constraints.

Fed Raises Rates, Yields Hit 2007 Highs as Fuel Costs Set Records: This Week On Wall Street

The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.

Buffett Steps Down as Berkshire Enters a New Era

Warren Buffett has stepped down as Chairman Emeritus of Berkshire Hathaway after 64 years of ownership and 61 years of leadership. His 71-year-old son Howard assumes the chairman role while CEO Greg Abel continues managing business operations. The conglomerate holds diverse investments across railroads, insurance, and consumer goods.

JP Morgan Maintains Overweight on Generac Holdings, Raises Price Target to $265

JP Morgan analyst Mark Strouse maintains Generac Holdings (NYSE:GNRC) with a Overweight and raises the price target from $261 to $265.