This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEB440WA_M.jpg
ARM Holdings had set their initial public offering (IPO) price at $51 per share, a figure close to the high end of the anticipated range. This pricing decision, announced late Wednesday, attracted investments from numerous companies, including Taiwan Semiconductor Manufacturing and Nvidia.
However, not all tech companies witnessed positive market responses this week. Semtech (NASDAQ:SMTC) Corp., an analog and mixed-signal chip maker, saw a 6% drop in its shares due to the company’s forecast of a loss for the current quarter, which contradicted Wall Street’s profit expectations.
In other market news, Berkshire Hathaway (NYSE:BRKa) sold 5.5 million shares of PC and printer manufacturer HP Inc (NYSE:HPQ)., leading to a 1.2% decrease in HP’s shares. The sale was disclosed in a Securities and Exchange Commission filing late Wednesday.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
