Nvidia Leads Chips Higher as Arm Declines; Peloton Sinks; BUD Rises
On this episode of Stock Movers:- Nvidia (NVDA) is leading chip stocks higher after Bloomberg reported the Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions, citing people familiar with the matter.- Arm Holdings (ARM) is out of line with other chip stocks this morning as it trends lower after posting revenue forecast for the current quarter is $1 billion to $1.1 billion, lower than Wall Street's estimates. The company blames the conservative forecast on the timing of new agreements with customers and has…
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