Core Insights - Nvidia has sold its stake in ARM Holdings, liquidating 1.1 million shares valued at approximately $140 million, marking a significant shift in its investment strategy [1] - The previous attempt by Nvidia to acquire ARM for $40 billion in 2020 failed due to regulatory concerns, leading to Nvidia's exit from its equity position in ARM [1] - ARM reported record revenue of $1.24 billion in Q3, a 26% year-over-year increase, although net income fell by 12% [1] Nvidia's Investment Strategy - Nvidia is focusing on larger investments, having recently invested $2 billion in Synopsys, $5 billion in Intel, and $2 billion in CoreWeave, indicating a strategic shift away from smaller stakes like ARM [1] - The sale of ARM shares is seen as a move to streamline Nvidia's investment portfolio towards more significant partnerships and opportunities [1] ARM's Market Position - ARM's royalty revenue reached $737 million, and the company aims to capture nearly 50% of CPUs deployed by top hyperscalers by 2026 [1] - Despite the growth in revenue, ARM's valuation is considered stretched, with analysts setting a price target of $147.83 against a current price of $126.93, reflecting concerns about future earnings growth [1] - ARM's licensing model allows it to benefit from the AI chip boom, but it needs to demonstrate margin expansion despite recent disappointing net income results [1]

Key Takeaways ARM trades at 23X forward sales versus the industry's 8X, making valuation the core debate.ARM's asset-light licensing model drives scalable royalties across mobile, auto and data centers.NVIDIA and AMD comparisons highlight ARM's premium as shares fell 18% while the industry rose 39%.Arm Holdings (ARM) continues to execute well across mobile, infrastructure, and emerging AI-driven applications. Its asset-light licensing model provides scalable royalty streams, while diversification into autom ...

Group 1: AI Developments - Meta (META) plans to deploy millions of Nvidia (NVDA) chips for its AI infrastructure, while Nvidia has exited its investment in Arm Holdings (ARM) [3] - Apple (AAPL) is enhancing its AI capabilities with a trio of new and updated devices [8] Group 2: Investment Moves - Warren Buffett's Berkshire Hathaway (BRK.B) has made a new investment in the New York Times (NYT) while reducing its stake in Amazon (AMZN) [3] Group 3: Economic and Fiscal Policies - New York City Mayor Zohran Mamdani proposed a 9.5% property tax increase as a last resort to address a $5.4 billion two-year revenue shortfall, contingent on the failure of a tax on high earners [4][5] - The mayor's preliminary budget is set at $127 billion, and if the property tax is raised, it would be the first increase in over two decades, potentially leading to higher rents and business relocations [6] - Governor Kathy Hochul announced an additional $1.5 billion allocation over two years to assist New York City's fiscal challenges but opposes the property tax increase [7] Group 4: Market Movements - In Asia, Japan's market rose by 1%, while in Europe, London, Paris, and Frankfurt saw increases of 1%, 0.5%, and 0.8% respectively [9] - U.S. futures indicate a positive outlook with Dow, S&P, and Nasdaq all up by 0.4% to 0.5%, while crude oil prices increased by 1.9% to $63.41 [9]

In this articleARMNVDAGOOGLMETAAMZNMSFTNOKIA-FITSMThe replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesNew York-listed shares of British semiconductor firm Arm ticked 1.4% higher in premarket trading on Wednesday, after documents showed Nvidia sold its stake in the company it once wanted to buy. At the end of the third quarter, Nvidia held ...

Group 1 - Nvidia has sold all of its shares in Arm, totaling 1.1 million shares valued at approximately $140 million based on Arm's closing price [1] - Nvidia's attempt to acquire Arm for $40 billion in 2020 was thwarted by regulatory and customer opposition, leading to the termination of the agreement in February 2022 [1] - Arm, which is crucial for advanced semiconductor technology, is now pursuing its IPO plans under the ownership of SoftBank [1] Group 2 - Nvidia has made strategic investments in Intel, Synopsys, and Nokia, enhancing its presence in key areas such as chip manufacturing, EDA tools, and communication infrastructure [2] - Nvidia's investment in Intel amounts to approximately $5 billion, representing a 4.91% stake, aimed at strengthening AI computing capabilities [2] - The investment in Synopsys is around $2 billion, focusing on securing the chip design tool ecosystem [2] - Nvidia holds about 2.9% of Nokia, targeting the integration of AI with next-generation 5G/6G networks [2]

Group 1 - Nvidia Corp. sold its entire stake in Arm Holdings Plc, unloading 1.1 million shares valued at approximately $140 million based on Arm's closing price [1] - The sale occurred in the fourth quarter of the previous year, marking the end of Nvidia's investment in Arm [1] - Nvidia's attempt to acquire Arm for $40 billion in 2020 faced significant regulatory opposition, leading to the termination of the agreement in February 2022 [2][3] Group 2 - Arm, which is majority-owned by SoftBank Group Corp., proceeded with its public share offering after the failed acquisition [3] - Nvidia has diversified its investments across the technology sector, holding stakes in companies such as Intel Corp., Nokia Oyj, CoreWeave Inc., and Synopsys Inc. [3] - Nvidia aims to leverage its cash reserves to accelerate the adoption of artificial intelligence computing [3]

Core Insights - Nvidia has liquidated its positions in Applied Digital, Arm Holdings, and WeRide in the fourth quarter of 2025, while initiating new investments in Intel, Synopsys, and Nokia [1] Group 1 - Nvidia's divestment includes complete liquidation of shares in Applied Digital, Arm Holdings, and WeRide [1] - New investments made by Nvidia include Intel, Synopsys, and Nokia, indicating a strategic shift in its investment portfolio [1]

Market Overview - The U.S. stock market experienced a "V" shaped recovery after initial declines, with the Dow Jones Industrial Average dropping over 300 points and the Nasdaq Composite falling more than 1.2% at one point [2][3] - The Philadelphia Semiconductor Index, a key indicator for chip manufacturers, saw a decline of over 2% [6] - Software stock index ETFs plummeted by 3% [9] - Despite the overall downturn, the declines in tech stocks have moderated [12] AI Impact on Market Sentiment - The recent turmoil in the market reflects two conflicting fears regarding AI: one is the concern that AI could drastically disrupt various economic sectors, leading investors to sell stocks perceived to have any risk of being replaced; the other is skepticism about whether the billions invested in AI will yield significant returns in the short term [12][14] - Analysts noted that mentions of "AI disruption" in corporate earnings calls nearly doubled compared to the previous quarter, indicating heightened awareness and concern among management teams [14] Economic Data and Market Trends - Morgan Stanley's Chris Larkin indicated that the ongoing rotation in tech stocks and fears of AI disruption overshadowed recent employment and inflation data, suggesting that unless upcoming economic data presents a significant surprise, the current market trend may continue [15] - The market remains close to historical highs, but the volatility from sell-offs could disrupt upward trends, posing challenges for investors [15] Commodity Market Reactions - Oil prices experienced a sharp decline following indications of progress in U.S.-Iran nuclear negotiations, which could lead to the lifting of sanctions on Tehran and reduce geopolitical risk in the Middle East [17] - Silver prices fell over 4% and gold prices dropped more than 2%, as market anxiety eased with the potential for avoiding conflict with Iran [17]

自2026年初以来，特斯拉、苹果等十余家大型企业已发出信号，称动态随机存取内存（DRAM）的短缺 将限制生产。苹果CEO库克警告，这将压缩iPhone的利润率；美光科技称这一瓶颈"前所未见"；特斯拉 CEO马斯克则直指问题的棘手本质，表示特斯拉将不得不自建内存制造厂。马斯克在1月底说："我们只 有两个选择：撞上芯片墙，或者建一座晶圆厂。" 造成上述局面的根本原因是AI数据中心的扩张。Alphabet、OpenAI等公司正大量消耗内存芯片产能，它 们正通过购买数百万片英伟达AI加速器（每片都配备大量内存）来运行聊天机器人及其他应用。这导 致消费电子厂商只能争夺三星、美光等供应商日益减少的芯片供应。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 芯片行业有大变化？ 据彭博社消息，包括马斯克和库克在内的科技行业领袖，正不断警告一场全球危机正在酝酿：内存芯片 短缺开始冲击企业利润、打乱公司计划，并推高从笔记本电脑、智能手机到汽车及数据中心等各类产品 的价格。 据报道，人工智能热潮正引发存储芯片抢购热潮。从去年12月到今年1月份，某一类型DRAM的价格暴 涨了75%。越来越多零售商和中间商， ...

Core Insights - The semiconductor company Arm Holdings is positioned to recover faster than other AI stocks like Microsoft due to its unique business model focused on licensing and royalties rather than direct chip manufacturing [2][6][12] Business Model - Arm Holdings primarily generates revenue through licensing fees and royalties, with over half of its revenue coming from royalties based on the number of chips manufactured and sold [7] - Unlike traditional chipmakers, Arm is a designer of high-performance processors, which has led major tech companies like Amazon, Google, and Apple to increasingly adopt its designs for their AI applications [5][9] Licensing Agreements - There are numerous licensing agreements that have not yet fully begun to generate royalty revenue, indicating potential future growth for Arm [8][10] - The relationship with Amazon, particularly regarding the Graviton data center processors, exemplifies the deepening reliance on Arm's architecture, which is expected to yield significant royalty income in the coming years [8][12] Market Performance - Despite a recent decline in stock price due to disappointing quarterly results, the long-term outlook remains positive as many royalty agreements are set to start generating revenue soon [12] - Analysts project a modest top-line growth of 7% for fiscal 2026, but anticipate a significant revenue increase of over 23% in the following year, suggesting a strong recovery trajectory for Arm [13]