Intel (INTC) Arm Investment Could Give Boost In A.I. Race & Apple (AAPL) Upgrade
Intel (INTC) is looking to become an anchor investor in Arm IPO. Caroline Woods discusses this as in April, Arm planned to sell shares on the Nasdaq to raise $8B to $10B. She talks about how the Arm Investment could give INTC a boost in the A.I. race. Arm licenses IP to Apple (AAPL), Amazon (AMZN), and Samsung, who uses the chip designs globally. Caroline also goes over how Guggenheim raised Netflix’s (NFLX) price target to $500 from $375, noting its position as “the global leader in… streaming video will drive further financial upside.” BofA also increased its forecast on NFLX to better reflect subscription additions. Tune in to find out more about the stock market today.
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