Intel stock drops on report Nvidia is working on an Arm-based PC chip
Publishing timestamp: 2023-10-23 17:18:55
Summary
Nvidia and AMD are reportedly working on Arm-based PC chips, which use less power and are critical for battery-powered devices. Intel's stock dropped after the news, while Arm's stock rose. Apple recently transitioned to Arm processors for its laptops and PCs, leading to increased sales and longer battery life. Nvidia and AMD could release their Arm-based PC chips in the future. Qualcomm has been working on its own Arm-based PC chips, and Arm recently had an IPO.
Sentiment: MIXED
Tickers: INTC, AMD, NVDA, AAPL,
Keywords: business news, business, apple inc, investment strategy, arm holdings plc, breaking news: technology, computer hardware, breaking news: investing, technology, mobile, intel corp, stock markets, advanced micro devices inc, nvidia corp,