Investing.com — Stocks of Arm Holdings (NASDAQ:) jumped 14% today after CEO Rene Haas spoke on CNBC about the company’s role in the massive ‘Stargate’ AI projects announced by President Trump, as well as commitment of SoftBank towards its stake in the company.
During the interview, Haas addressed the ongoing process of finalizing Stargate’s financial details, which have yet to be clarified. He also noted that SoftBank CEO Masayoshi Son remains enthusiastic about SoftBank’s investment in Arm Holdings. This show of confidence from SoftBank appears to have resonated positively with investors, leading to a significant increase in Arm Holdings’ share price.
The company’s management is actively working on its financial plans, and Haas’ comments suggest more information will be available soon. The details of the Stargate project are particularly awaited by the market, as they could have substantial implications on the future revenue streams and strategic direction of the company.
The sharp rise in the stock price today reflects investor optimism about the company’s potential and strong support from SoftBank, which remains a key investor and leader in the Stargate project alongside OpenAI and Oracle .
-The broader market will expect more detailed information from Arm Holdings regarding its strategic and financial plans, which will provide a clearer picture of the company’s trajectory and its impact on shareholder value.
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