Arm Holdings Plc (NASDAQ:ARM) aims to capture over 50% of the Windows PC market within five years, according to CEO Rene Haas.
The stock is trading lower Tuesday after closing higher by over 5% Monday.
Arms expectations follow Microsoft Corp’s (NASDAQ:MSFT) recent plans to launch a new generation of AI-enhanced PCs using Arm’s technology, positioning them against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL), Reuters reports.
The push comes as Microsoft commits to supporting Arm-based chips with advanced developer tools, potentially reshaping a market long dominated by Intel Corp’s (NASDAQ:INTC) x86 chips.
Microsoft’s hardware partners, including Asus and Dell, are set to release devices featuring Arm’s technology.
According to Reuters, CEO Rene Haas eyes 100 billion AI-ready Arm devices worldwide by 2025.
Analysts expressed their confidence in Arm Holdings backed by licensing interest and potential in AI and datacenter markets.
Advanced Micro Devices, Inc (NASDAQ:AMD) is also eying the AI PC market.
Arm stock gained 100% in the last 12 months. Investors can gain exposure to the semiconductor sector via ProShares Ultra Semiconductors (NYSE:USD) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).
ARM Price Action: At the last check on Tuesday, Arm shares traded lower by 1.00% to $125.85 premarket.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons
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This article What’s Going On With Arm Holdings Stock Tuesday? originally appeared on Benzinga.com
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