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Express News | The US stock market's Semiconductors Sector continued to rise in overnight trading, with Taiwan Semiconductor up nearly 6%, NVIDIA up nearly 2%, and Arm Holdings, Micron Technology, Broadcom, and others up over 1%.
Why Arm Holdings Stock Surged Higher Today
Shares of Semiconductor Shares Are Trading Higher Amid Overall Market Strength After CPI Data Was in Line With Estimates and Core CPI Rose by Less Than Expected.
Biden is taking significant actions! He has signed an executive order to accelerate the development of AI infrastructure.
① The President of the USA, Biden, signed an executive order to advance AI infrastructure development, focusing on the Energy demands of Datacenters; ② The order requires the USA Department of Defense and the Department of Energy to lease federal land for the private sector to build AI Datacenters and clean Energy facilities; ③ The policy aims to accelerate the construction of the next generation of AI infrastructure in the USA, enhancing economic competitiveness, National Security, and the use of clean Energy.
Arm Holdings Taps Fungible CEO as Next EVP of Operations
Arm Announces Appointment of Eric Hayes as Executive Vice President, Operations