Arm Holdings (ARM) shares surged nearly 40% in September, driven by increased demand for CPUs as AI technologies gain traction. The company reported record revenue of $1.3 billion for the latest quarter, marking a 22% year-over-year increase, while data center royalties more than doubled.
Advanced Micro Devices (AMD) also saw significant growth, with shares surpassing a $1 trillion market cap for the first time. Its data center sales reached $6.7 billion, reflecting a 107% year-over-year growth. The company anticipates continued acceleration in data center sales through 2026.
CoreWeave (CRWV) reported a revenue backlog of $104.2 billion, up 246% year-over-year, with quarterly revenue increasing to approximately $2.6 billion, a 112% rise. However, the company’s plans to raise capital through stock and debt sales due to high buildout costs have dampened investor sentiment, keeping shares up only about 3% in September.
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