ARM

Shares of Broadcom, Taiwan Semiconductor Manufacturing, and Arm Holdings fell on Monday due to weaker-than-expected initial orders for the iPhone 16. The analyst cited factors like the delayed release of Apple's AI platform and a weak Chinese economy as potential reasons for the tepid preorders.

Tech stocks, led by Apple, fell due to weaker-than-expected demand for the iPhone 16, dragging down semiconductor stocks. Bonds rose as investors expect a 0.5% rate cut from the Federal Reserve.

The Nasdaq 100 Index had its best weekly performance since October 2023, rallying 5.9% as investors expect the Federal Reserve to announce its first interest rate cut in over four years. Several tech stocks, including Advanced Micro Devices, Arm Holdings, and Nvidia, delivered impressive gains.

The article discusses the growing use of AI systems and the potential impact on chipmakers Broadcom and Arm Holdings. It suggests that both companies are well-positioned to benefit from the AI boom and that their stocks could see a significant surge in the near future.

Apple unveiled its latest iPhone lineup and AI features, which will be a major test for the broader demand for generative AI technology. While Apple's stock was flat, a key supplier, Arm Holdings, surged on the news as its latest CPU architecture will power the new iPhones, potentially driving a sig...