Overview
- Loop Capital lifted its price target to $180 on Nov. 12, following Morgan Stanley’s Nov. 7 move to the same level, both keeping bullish ratings.
- Arm posted fiscal Q2 revenue of $1.14 billion with licensing up 56% to $515 million and royalties up 21% to $620 million, delivering a quarterly beat.
- The company guided Q3 revenue to $1.23 billion and adjusted EPS to $0.41, topping consensus by double-digit percentages.
- AI demand is accelerating Neoverse adoption, with more than 1 billion CPUs deployed and data-center Neoverse royalties more than doubling year over year.
- Arm broadened its platform with Lumex CSS and reported a 28% rise in annualized contract value, while Bloomberg reported an acquisition of networking-chip firm DreamBig Semiconductor.