Latest news with #chipdesigner
Yahoo
6 days ago
- Business
- Yahoo
Arm Rises 3% as Wells Fargo Lifts Price Target to $175
Arm (ARM, Financials) gained more than 3% Monday after Wells Fargo boosted its price target for the chip designer to $175 from $145, citing strong prospects tied to artificial intelligence. Shares ended the day near $162 and are up about 33% so far in 2025. The firm develops CPU architectures used by Nvidia (NVDA, Financials), Microsoft (MSFT, Financials) and Alphabet's Google (GOOGL, Financials). According to Wells Fargo's Sunday note to clients, growing demand for AI infrastructure especially from data centers could accelerate Arm's royalty revenue this fiscal year. Wells Fargo said it expects Arm's AI and custom silicon designs to drive meaningful royalty revenue growth, despite uncertainty over tariffs. Arm will report fiscal Q1 earnings after the U.S. market closes on July 30. This article first appeared on GuruFocus.
Reuters
10-07-2025
- Business
- Reuters
Nvidia CEO Huang to meet Trump before China trip, source says
WASHINGTON, July 10 (Reuters) - Nvidia (NVDA.O), opens new tab CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer's head plans to visit China, according to a source familiar with the matter. The meeting with Trump comes as Nvidia's market value closed above $4 trillion for the first time on Thursday, cementing its status as one of Wall Street's most sought-after stocks. Details of the discussions between the two were not immediately available. The meeting was first reported earlier by Bloomberg. Nvidia and the White House did not immediately respond to Reuters requests for comment. Huang has criticized the export restrictions the Trump administration imposed in April that stopped Nvidia from selling its H20 chip made for the China market, which he called "a springboard to global success". The export curbs cost the artificial intelligence chipmaker $2.5 billion in sales during the first quarter and Nvidia expects a sales hit of $8 billion in the second quarter. Nvidia would no longer include the China market in its revenue and profit forecasts after the stringent U.S. trade restrictions on chip sales to the region, Huang told CNN in June.
Globe and Mail
10-07-2025
- Automotive
- Globe and Mail
Nvidia CEO Huang to meet with Trump Thursday, source says
Nvidia NVDA-Q CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer's head plans to visit China, according to a source familiar with the matter. The meeting with Trump comes as Nvidia's market value closed above US$4-trillion for the first time on Thursday, cementing its status as one of Wall Street's most sought-after stocks. Details of the discussions between the two were not immediately available. The meeting was first reported earlier by Bloomberg. Nvidia and the White House did not immediately respond to Reuters requests for comment. Nvidia warns of China risks as CEO Jensen Huang praises Trump Huang has criticized the export restrictions the Trump administration imposed in April that stopped Nvidia from selling its H20 chip made for the China market, which he called 'a springboard to global success.' The export curbs cost the artificial intelligence chipmaker US$2.5-billion in sales during the first quarter and Nvidia expects a sales hit of US$8-billion in the second quarter. Nvidia would no longer include the China market in its revenue and profit forecasts after the stringent U.S. trade restrictions on chip sales to the region, Huang told CNN in June.
