This central processing unit renaissance was confirmed when Intel reported earnings two weeks ago. AMD and now Arm told similar stories.
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Intel's quarter is a sign for what's to come in CPU demand
Arm shares rose 13% in premarket trading following the company's announcement that it would jump into the CPU fray.
Arm chief Rene Haas said he was "confident" the company would be able to secure additional supply of its new CPUs.
Shares of Arm Holdings jumped last month after the company unveiled its first new in-house chip.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of…
The investment bank upgraded the chipmaker name to buy from hold.
