Nasdaq jumps 0.67% as Arm Holdings soars 16%, semiconductors drive the session
Arm Holdings soars during the session as chips become the driving force of the day
Arm Holdings surged by 16.38% on Wednesday, closing at $157.07, following the announcement of its first proprietary processor, the AGI CPU, and revenue targets of $15 billion within five years. Meta Platforms will be the first major customer for this chip, marking a significant turning point for the British designer, which had previously been limited to licensing its architectures. This move led to gains across the semiconductor sector. Advanced Micro Devices rose by 7.26% to $220.27, while Intel gained 7.08% to reach $47.18. Marvell Technology followed with an increase of 6.59% to $98.45. The rally extended beyond pure chip companies: PDD Holdings increased by 4.61% to $102.61, O'Reilly Automotive by 3.60% to $91.16, and Paychex by 3.03% to $93.36. Constellation Energy, Biogen, and Linde were also among the top gainers, with increases of 2.87%, 2.85%, and 2.61%, respectively.
Some Declines in an Overall Upward-Trending Market
Despite the constructive atmosphere, some stocks took a hit. Verisk recorded the largest drop of the day, falling 4.97% to $185.05. Micron Technology lost 3.40% to $382.09, while Palo Alto Networks decreased by 2.54% to $153.22. Atlassian slipped 2.51% to $66.46. Lam Research, CrowdStrike, Workday, Comcast, Autodesk, and The Trade Desk all ended in the red, with declines ranging from -1.66% to -2.26%. These retreats, modest in view of the overall momentum, reflect selective profit-taking or valuation adjustments in a market that remains positively oriented.
Nasdaq Gains Momentum Midweek
The session on Wednesday, March 25, highlights the renewed investor appetite for technology stocks after several weeks of volatility. The Nasdaq Composite, now standing at 24,162.98 points, benefits from a context where strategic corporate announcements—like that of Arm Holdings—are revitalizing key sectors such as semiconductors. In the absence of major macroeconomic catalysts that day, it was indeed the ability of tech companies to reinvent their models that made the difference. The strength in the chip sector is a reminder that, even during uncertain times, innovation remains a driving force of performance for US indices.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
