BofA Downgrades Arm to Neutral Amid Revenue Slowdown
BofA cuts Arm to Neutral with $120 target due to royalty slowdown, SoftBank reliance, and weaker smartphone sales in 2026.
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BofA cuts Arm to Neutral with $120 target due to royalty slowdown, SoftBank reliance, and weaker smartphone sales in 2026.
Apollo Global and Blackstone are in talks to provide Broadcom with up to $35 billion in private credit to fuel its AI chip development and production.
Replimune stock jumped after news Trump may fire FDA chief, raising hopes of easier drug approvals despite past rejections.
Apple and Intel will collaborate on chips for Apple devices, with the Trump administration helping to encourage the agreement.