Nvidia, AMD, and Other Great Offer Stock Reviews Increased Ahead of Arm Trading Debut.
Sep 14, 2023
Since anticipation for the semiconductor industry and the buzz around artificial intelligence have helped semiconductor companies rise on Arm’s first trading day, great offer stock reviews are here.
The largest chip manufacturer by market capitalization, Nvidia NVDA (NVDA), saw a 1.1% increase in premarket trading of its shares. AMD Advanced Micro Devices increased by 0.7%. Micron increased 1.1%.
The U.S. initial public offering of British chip manufacturer Arm was priced at $51 per share, the upper end of the anticipated range. The company’s market value increased to about $55 billion due to the largest IPO of the year thus far. The shares make their Nasdaq debut on Thursday under the symbol ARM.
Arm creates semiconductors for a variety of semiconductor companies, including the CPUs found in the majority of today’s smartphones. Arm does not make its own chips.
Asian and European firms also looked to gain from Arm’s excitement, with great offer stock reviews. Taiwan Semiconductor’s American depositary receipts (TSM) climbed 0.8% early Thursday after a 2.2% increase in Taiwan. In European trade, ASML Holding ASML (ASML) of the Netherlands increased 0.4%, while Infineon (IFNNY) of Germany rose 0.3%.