AI infrastructure hopefuls find unlikely ally in Qualcomm theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.
Arm Stock Has Soared, but It s No Nvidia morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The oversubscription isn t an indication of investor enthusiasm. SoftBank plans to sell only 9 percent of Arm’s shares, and will pledge out a 75 percent stake for margin loans once the stock debuts. With an IPO drought and SoftBank dangling millions of dollars, bankers are willing to tell any story, however stretched it is. Arm s focus on chips for smartphones isn t where the AI market is hot
Bengalurus Namma Yatri autodrivers wont have a free ride anymore. The ride-hailing app, launched by a city autorickshaw union late last year to counter Uber and Ola, has announced subscription fees for drivers from September 1.