In this article O9T-FF ARM Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 15:24 15:24 Inside Arm’s $71 million chip lab where its making its first ever CPU Tech Arm Holdings stock popped 6% in after-hours trading on Tuesday as CEO Rene Haas announced 2031 annual revenue expectations that were more than six times what it was in 2025. Haas unveiled Arm's first in-house chip on Tuesd...
In this article O9T-FF ARM Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 15:24 15:24 Inside Arm’s $71 million chip lab where its making its first ever CPU Tech Arm Holdings stock popped 6% in after-hours trading on Tuesday as CEO Rene Haas announced 2031 annual revenue expectations that were more than six times what it was in 2025. Haas unveiled Arm's first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer. CNBC got an exclusive first look at the chip earlier this month, visiting the lab Arm built for it in Austin, Texas. Arm stock closed about 1.5% lower on Tuesday following the chip announcement. Haas said Arm expects the new chip to generate roughly $15 billion in annual revenue by 2031, with total annual revenue of $25 billion and earnings per share of $9. Central processing units are seeing a resurgence of demand as agentic AI changes compute needs. Haas predicted CPUs will see a fourfold increase in demand around agentic AI. "We may be under-calling that number," Haas said Tuesday. "I think the demand is higher than we think it is." It's a huge lift for the chip design firm that generated just over $4 billion in annual revenue in 2025. Read more CNBC tech news Amazon's Zoox to debut robotaxis in Austin, Miami later this year as it awaits paid ride approval OpenAI calls out Microsoft reliance as risk in investor document ahead of expected IPO Amazon faces further AWS disruption in the Middle East from Iran conflict OpenAI's data center pivot underscores Wall Street spending concerns ahead of IPO The Arm AGI CPU is a data chip optimized for AI inference. It's a long-anticipated move that marks a major change for the so-called Switzerland of chip firms as it enters into fresh competition with its customers. Arm CFO Jason Child said Arm is selling its new chip at about a 50% gross profit. "It expands our market to include customers that were not interested in an IP model, gives our current customers choice, ...
Aleksandr Golubev/iStock via Getty Images I always appreciate companies that are showing attractive growth. But as a value investor, the price for that growth has to be appropriate. In some instances, it is. In others, it's not even close. Back in December when I last looked at Core & Main, Inc. ( CNM ), I found myself impressed with the overall financial performance of the business. However, I ma...
Aleksandr Golubev/iStock via Getty Images I always appreciate companies that are showing attractive growth. But as a value investor, the price for that growth has to be appropriate. In some instances, it is. In others, it's not even close. Back in December when I last looked at Core & Main, Inc. ( CNM ), I found myself impressed with the overall financial performance of the business. However, I made the case that, for all the growth that the company was exhibiting, upside potential was likely limited from that point on. This led me to take a more neutral stance on the business, ultimately calling it a Hold. Since that time, the stock has performed along the lines of what I would have anticipated. While the S&P 500 ( SP500 ) is down 3.8%, its stock is down 3.4%. This is even in spite of a 4.5% jump in share price that we saw on March 24th after management reported financial results for the final quarter of the company's 2025 fiscal year. Those figures were actually mixed. Revenue, for instance, fell short of analysts’ expectations. But at the same time, earnings per share and adjusted earnings per share both came in above what they were anticipating. What's more, management is forecasting some growth this year, specifically on the top line and when it comes to EBITDA. But at the end of the day, the stock just does not look cheap enough on an absolute basis to justify all that bullish outlook. Instead, it makes for a much better Hold candidate than it does a Buy right now. A Mixed Bag The final quarter of the 2025 fiscal year was an interesting time for shareholders of Core & Main. Take revenue, for starters. It actually fell year over year, dropping from $1.70 billion to $1.58 billion. At first glance, this is a bit surprising. I say this because, for the year as a whole, revenue grew 2.8%, from $7.44 billion to $7.65 billion. The decline in sales, according to management, was actually because of an extra selling week that the company had in 2024. Actual average dail...
After a weak start to the year, shares of Nvidia, along with Broadcom, AMD, and Marvell, are starting to look like bargains, according to analysts at Deutsche Bank.
After a weak start to the year, shares of Nvidia, along with Broadcom, AMD, and Marvell, are starting to look like bargains, according to analysts at Deutsche Bank.
Elena Alex photo/iStock via Getty Images Peak Pricing 12/31/2021 About five years ago, 2 nd Market Capital, a real estate securities dedicated investor, felt priced out of the entire multifamily REIT sector. Trading at an average P/FFO north of 28x, we felt owning multifamily shares posed more risk than reward. S&P Global IQ Source: S&P Global IQ The passage of time and the delivery of a tsunami o...
Elena Alex photo/iStock via Getty Images Peak Pricing 12/31/2021 About five years ago, 2 nd Market Capital, a real estate securities dedicated investor, felt priced out of the entire multifamily REIT sector. Trading at an average P/FFO north of 28x, we felt owning multifamily shares posed more risk than reward. S&P Global IQ Source: S&P Global IQ The passage of time and the delivery of a tsunami of new apartments in the hottest sunbelt markets, however, has taken the shine off multifamily investment. This graph illustrates how little love the apartment sector is getting in recent months. This pricing trend makes us feel the issues are possibly primed for a new examination. Multifamily YTD Performance S&P Global IQ 03/20/2026 Source: S&P Global IQ 03/20/2026 Value It is difficult to predict when multifamily REITs will fully absorb the current oversupply in certain MSAs, but when they do, we can anticipate that higher rents, occupancy, and share prices might soon follow. Examining a couple of metrics might indicate whether now is providing an attractive price entry point. Price to AFFO Comparing today’s REIT earnings to those described in the Stock Pricing Table posted at the start of this article, we quickly understand that the whole sector has experienced significant multiple compression. 2MCAC with data derived from S&P Global IQ Source: S&P Global IQ 03/20/2026 NexPoint Residential ( NXRT ) was an earnings growth juggernaut in 2021 and enjoyed pricing that awarded the feat. Today, NXRT has gone from 1 st to worst, trading at just 10X next twelve months consensus AFFO. Other, better capitalized apartment operators like Avalon Bay ( AVB ), Camden Property Trust ( CPT ), and Mid-America Apartment Communities ( MAA ) have seen their P/AFFO ratios virtually cut in half. The whole sector has been on a multi-year price decline. Net Asset Value At the close of 2021, multifamily REITs were, on average, priced at 110% of NAV. Today, premium pricing is a fading memory and th...
Earlier in March, Apple announced AirPods Max 2, an upgraded over-ear headset with stronger noise cancellation, lossless USB-C audio, creator-focused tools, and new AI-enabled features powered by its H2 chip. The launch extends Apple Intelligence beyond iPhone and Mac into premium audio, reinforcing Apple’s ecosystem and adding fresh use cases for professionals and everyday users. We’ll now examin...
Earlier in March, Apple announced AirPods Max 2, an upgraded over-ear headset with stronger noise cancellation, lossless USB-C audio, creator-focused tools, and new AI-enabled features powered by its H2 chip. The launch extends Apple Intelligence beyond iPhone and Mac into premium audio, reinforcing Apple’s ecosystem and adding fresh use cases for professionals and everyday users. We’ll now examine how this extension of Apple Intelligence into AirPods Max 2 could influence the company’s...
[This stream is scheduled to begin at 6:05 p.m. ET] Venezuela opposition leader María Corina Machado will address oil and gas executives Tuesday, as the industry hesitates to invest in the South American nation after the U.S. ousted former President Nicolás Maduro. Machado, a Nobel Peace Prize laureate, was blocked in 2024 from running for president in Venezuela by the Maduro regime. She previousl...
[This stream is scheduled to begin at 6:05 p.m. ET] Venezuela opposition leader María Corina Machado will address oil and gas executives Tuesday, as the industry hesitates to invest in the South American nation after the U.S. ousted former President Nicolás Maduro. Machado, a Nobel Peace Prize laureate, was blocked in 2024 from running for president in Venezuela by the Maduro regime. She previously served in the National Assembly. Machado leads the opposition movement that seeks a transition to democracy and a market economy in Venezuela. She will deliver remarks at S&P Global's CERAWeek conference in Houston, Texas. The gathering draws oil and gas executives and senior government officials from around the world. The U.S. captured Maduro in a military raid in January, but has left the rest of the regime in place . The Trump administration has praised its cooperation with interim President Delcy Rodríguez, who served as vice president under Maduro. The White House has not set a timeline for elections. President Donald Trump is pressuring U.S. oil and gas companies to invest in Venezuela, which posseses some of the largest crude reserves in the world. Industry leaders are skeptical. ConocoPhillips and Exxon Mobil have made clear they will not return until major political reforms are implemented to protect private sector investments. The companies had their assets seized by President Hugo Chavez in 2007. Conoco will not invest until there is way to recover some of the $12 billion that Venezuela owes the company from the expropriation of its assets, CEO Ryan Lance said Tuesday. The recent reform of Venezuela's oil laws under Rodríguez are "woefully inadequate," Lance said. "They have a long ways to go to make make the country competitive globally to attract the kinds of billions of dollars of investments that are going to be required," Lance said at CERAWeek. It will require not only physical security and contract guarantees but also policy durability in Venezuela and t...
Forgent Power Solutions Inc. and some of its shareholders are offering to sell 30 million shares in aggregate, less than two months after the electrical equipment company’s initial public offering. Stockholders affiliated with Neos Partners are offering 20.7 million Forgent shares, and the company is selling 9.31 million shares, according to a filing Tuesday with the US Securities and Exchange Com...
Forgent Power Solutions Inc. and some of its shareholders are offering to sell 30 million shares in aggregate, less than two months after the electrical equipment company’s initial public offering. Stockholders affiliated with Neos Partners are offering 20.7 million Forgent shares, and the company is selling 9.31 million shares, according to a filing Tuesday with the US Securities and Exchange Commission. At the closing price of $35.78 each on Tuesday, the offering would raise about $1.07 billion, according to Bloomberg calculations. Shares fell 9.3% to $32.45 each in after-hours trading in New York. The stock has climbed 33% from the IPO price through Tuesday’s close. The stock will be marketed for two days and price Thursday after markets close, according to people familiar with the matter, who asked not to be identified as the information isn’t public. Representatives for Forgent and Neos didn’t immediately respond to requests for comment. The offering comes a bit more than six weeks after Forgent and affiliates of Neos raised $1.7 billion in an IPO, as investors welcomed another opportunity to tap the artificial intelligence spending boom. Read More: DayOne Data Centers Said to Near Confidential US IPO Filing Forgent designs, manufactures and sells equipment such as transformers, switchboards and power distribution units used in data centers, which require consistent and reliable power over long periods of uptime. Private equity firm Neos created the company in 2023 and built it up via acquisitions in 2023 and 2024. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The company intends to use the proceeds from the shares it sells to indirectly purchase 9.3 million units from Forgent Power Solutions LLC, which intends to purchase them from a different set of Neos affiliates, according...
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise build of 2.3M barrels of oil in U.S. commercial stockpiles for the week ending March 20, after increasing by 6.6M barrels in the previous week. Gasoline inventories reportedly show a build of 500K barrels for the week, distillate inventories reportedly show a build of 1.4M barrels, and inventories at the Cus...
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise build of 2.3M barrels of oil in U.S. commercial stockpiles for the week ending March 20, after increasing by 6.6M barrels in the previous week. Gasoline inventories reportedly show a build of 500K barrels for the week, distillate inventories reportedly show a build of 1.4M barrels, and inventories at the Cushing storage hub reportedly show a build of 4M barrels. The Energy Information Administration is scheduled to release its weekly U.S. petroleum supply report on Wednesday; the average of analysts surveyed by The Wall Street Journal forecast domestic commercial crude stocks would decline by 200K barrels, gasoline inventories were expected to drop by 2.4M barrels, and distillate inventories were expected to decline by 1.8M barrels. WTI front-month April crude oil ( CL1:COM ) recently traded at $89.06/bbl, down from Tuesday's $92.35/bbl settlement price. ETF: ( USO ) More on crude oil Is The War Taking A New Turn? - WTI Technical Analysis Why U.S. Energy Stocks And Gold Could Win Big Three Hedging Strategies For Oil Prices
According to a filing with the U.S. Securities and Exchange Commission dated February 17, 2026, Icahn Enterprises LP increased its position in Centuri Holdings (NYSE:CTRI) by 3,488,372 shares during the fourth quarter. The estimated transaction value was $77.99 million, based on the average closing price for the quarter. The quarter-end position was valued at $361.99 million, up $132.34 million fr...
According to a filing with the U.S. Securities and Exchange Commission dated February 17, 2026, Icahn Enterprises LP increased its position in Centuri Holdings (NYSE:CTRI) by 3,488,372 shares during the fourth quarter. The estimated transaction value was $77.99 million, based on the average closing price for the quarter. The quarter-end position was valued at $361.99 million, up $132.34 million from the previous filing, a figure that reflects both new purchases and price movements. Centuri Holdings is a leading utility infrastructure services provider in North America, supporting the modernization and reliability of gas and electric distribution systems. With a workforce of over 8,600 employees and annual revenue of $2.84 billion (TTM), the company leverages a diversified segment structure to serve both regulated utilities and emerging infrastructure needs. Its scale and expertise position it as a strategic partner for utilities investing in safety, efficiency, and grid modernization. Icahn Enterprises LP, the diversified holding company controlled by activist investor Carl Icahn, added another 3.5 million Centuri shares in Q4. The SEC filing appears under "ICAHN CARL C," Carl Icahn's personal filing identity as the controlling person over his investment entities, which is standard practice for consolidated 13F filers. Earlier in 2025, Icahn participated in a $75 million private placement alongside a $160 million public offering, committing directly to the company at a negotiated price. The Q4 add suggests that original conviction hasn't changed. Continue reading
The independent research firm and short-seller, Muddy Waters Research, recently published a 28-page short report on the popular digital bank SoFi (NASDAQ: SOFI) . SoFi pitches itself as a one-stop-shop digital bank that can meet all financial needs, largely targeting a high-income population. The bank's products and services include personal, student, and home mortgage loans, an online investment ...
The independent research firm and short-seller, Muddy Waters Research, recently published a 28-page short report on the popular digital bank SoFi (NASDAQ: SOFI) . SoFi pitches itself as a one-stop-shop digital bank that can meet all financial needs, largely targeting a high-income population. The bank's products and services include personal, student, and home mortgage loans, an online investment brokerage, depository accounts, and other personal finance tools. SoFi also owns a bank technology business that provides core processing and payments technology to fintechs and other banks. Muddy Waters said it was shorting SoFi due to what it believes are improper accounting practices, financial engineering, and a complex web of off-balance-sheet transactions that distort the business's actual performance. Continue reading
Circle Internet Group (NYSE:CRCL) , a leading stablecoin issuer, closed Tuesday at $101.17, down 20.1%. The stock, which is still up 27.6% year-to-date, declined after news that proposed crypto regulation might tighten limits on stablecoin yields. Trading volume reached 56.4 million shares, coming in about 289% above its three-month average of 14.5 million shares. Circle Internet Group IPO'd in 20...
Circle Internet Group (NYSE:CRCL) , a leading stablecoin issuer, closed Tuesday at $101.17, down 20.1%. The stock, which is still up 27.6% year-to-date, declined after news that proposed crypto regulation might tighten limits on stablecoin yields. Trading volume reached 56.4 million shares, coming in about 289% above its three-month average of 14.5 million shares. Circle Internet Group IPO'd in 2025 and has grown 46.6% since going public. The S&P 500 (SNPINDEX:^GSPC) slipped 0.37% to 6,556, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.84% to finish at 21,762. Within crypto markets, industry peers Coinbase Global (NASDAQ:COIN) declined 9.76% to $181.04, and Nu Holdngs (NYSE:NU) fell 3.34% to close at $14.19 understcoring different exposure to crypto and stablecoin regulatory risk. Continue reading
Forward has struggled for form and focus this season but Galatasaray display was reminder of his brilliance It was perhaps as well that Mohamed Salah’s last game before the announcement of his departure from Liverpool was the home game against Galatasaray . After all the frustrations and disappointments of this season, all the games of drifting forlorn and disconnected on the right, after the miss...
Forward has struggled for form and focus this season but Galatasaray display was reminder of his brilliance It was perhaps as well that Mohamed Salah’s last game before the announcement of his departure from Liverpool was the home game against Galatasaray . After all the frustrations and disappointments of this season, all the games of drifting forlorn and disconnected on the right, after the missed penalty in the first half, here at last was a reminder of the player he had been. It wasn’t just his goal, a characteristic left-footed whip into the top corner after cutting in from the right after a one‑two with Florian Wirtz, or even the low cross for Hugo Ekitiké’s goal or the fearsome shot that led to Ryan Gravenberch’s; it was the sense of menace, of gleeful mischief, of the way the crowd was gripped by anticipation when the ball came to him. Even if he is not granted another spell like that this season, at least he and Anfield had that chance to remember old times. Continue reading...