Advanced Micro Devices (AMD) will license chip technology from ARM Holdings (ARMH) as part of a strategy shift to gain more business outside the slowing PC market. ARM’s low-power chip technology is widely used in smartphones, tablets and energy-efficient servers. The announcement by AMD Monday defined a near and midterm road map that will “harness the best characteristics of both the x86 and ARM ecosystems.” It referred to the new effort as
Chip designer ARM Holdings received an upgrade from Bernstein Research on Tuesday, and its U.S. stock rose. ARM (ARMH) stock was up more than 3.5%, near 50, in afternoon trading on the stock market today. Bernstein analyst Pierre Ferragu raised his rating on ARM stock to market perform, but still says the stock is overvalued. ARM is best known for making low-power, high-performance chip designs for mobile devices such as smartphones and tablets.
Key improvements and new features in chip technology developed by ARM Holdings (ARMH) prodded Canaccord Genuity analyst Matthew Ramsay on Tuesday to reiterate a buy rating and raise his stock price target to 60 from 55. ARM stock rose 2.4% to 49.64 in the stock market today. ARM Holdings designs chips used in smartphones, tablets and other devices. Its processors rule the market for mobile devices because of their low power consumption and high