Jim Cramer's Charitable Trust is selling its remaining 118 shares of Arm Holdings for approximately $303.46 per share, exiting the position entirely. The sale aims to secure a 75% gain on the stock, purchased in April, amid concerns about the AI buildout trade and increased supply in the semiconductor market.
Intertek's £10bn takeover by EQT-led consortium, while not a landmark event, highlights London's market issues. It's the third FTSE 100 company taken over this year, with few new listings.
UK Business Secretary Peter Kyle aims to nurture the UK's first trillion-dollar company by increasing risk thresholds for public investment vehicles like the British Business Bank (BBB) and National Wealth Fund (NWF). Critics question the "aggressively ambitious" approach and potential for civil servants to act as fund managers, urging a return to disciplined investment principles.
Markets were mixed amid rising oil prices and interest rates, but rallied as President Trump announced ongoing peace talks with Iran. FedEx's spin-off of FedEx Freight is complete, with the new entity expected to generate $8.7 billion in revenue by 2026. Arm Holdings stock continued its rally after Nvidia's new PC processor announcement.
SoftBank Group shares surged for a second day, gaining 11.9% Friday, fueled by Nvidia's strong earnings and a rally in Arm Holdings, in which SoftBank holds a majority stake. The company's market valuation has increased by over $61 billion in two days.
SoftBank Group shares surged over 11% Friday, extending a rally fueled by Nvidia's strong earnings and a significant rise in Arm Holdings, in which SoftBank holds a majority stake. The company's investments in OpenAI also contribute to the optimism.
SoftBank Group shares surged for a second day, gaining over 12% Friday, driven by Nvidia's strong earnings and a rally in its majority-owned Arm Holdings. The company's significant investment in OpenAI also contributes to the optimism.
Malaysia’s anti-corruption agency is seeking to charge two unnamed individuals over a 1.1 billion ringgit (US$278 million) semiconductor deal with British chip designer Arm Holdings, as former economy minister Rafizi Ramli returned for a third day of questioning in the same probe. The Malaysian Anti-Corruption Commission (MACC) said the investigation was nearing completion after officers recorded statements from 22 witnesses, including Rafizi and his former aide, political analyst James...
Supporters gathered outside the MACC headquarters as Rafizi stated he would defend himself in court if charged, during an investigation under Section 23 of the MACC Act for alleged misuse of office.
Stocks are on track for a positive finish on Friday, lifting the S&P 500 into the green for the week and on pace for a fourth consecutive weekly gain. Chip stocks are leading the rally after Intel's strong quarter, with CEO Pat Gelsinger noting that the rise of agentic AI is shifting the CPU-to-GPU balance toward a more even mix. The CNBC Investing Club is raising its price target on Arm Holdings to $250 from $200, while downgrading the rating to 2, as the stock has rallied over 30% since initiating the position on Monday. The busiest week of earnings season approaches with about one-third of the S&P 500 scheduled to report, including 10 portfolio names.
