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Arm Holdings shares increased by 4.8% on Monday, aligning with an overall rise in the S&P 500 (0.9%) and Nasdaq Composite (1.5%). This surge follows CEO Mark Zuckerberg’s announcement to accelerate Meta Platforms‘ investment in artificial intelligence (AI).
On Thursday, Meta revealed plans to acquire a 49% stake in Scale AI for nearly $15 billion, boosting investor confidence in Arm as Meta will be the first customer for Arm’s upcoming AI-capable chips, set to launch this summer.
Despite this positive momentum, Arm faces legal challenges from Qualcomm, which has accused the company of breaching license agreements and anticompetitive behavior. Depending on the outcome, Arm may need to adjust its business practices and could incur significant fines.
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