Arm Holdings shares rose 17% to $323 after CEO Rene Haas told CNBC that demand for the company's technology was off the charts and that he is increasingly convinced Arm can surpass its $2 billion revenue target for its developing AGI CPU business. That goal has moved quickly: Arm began in March with an initial target of $1 billion, raised it to $2 billion in May, and by September Haas said the pipeline was above that level. Nvidia's Vera CPU, Google's Axion, Amazon's Graviton5, and Microsoft's Azure Cobalt all use Arm-based computation, tying the company to the expanding trend of CPUs paired with AI accelerators. Haas also pointed to supply restrictions on wafers, substrates and testing capacity that could take years to work through, a problem that nonetheless shows demand is outstripping available capacity. The larger story is Arm's effort to move away from its usual licensing arrangement and capture more value from the chips themselves, and Monday's surge suggests investors are increasingly focused on that opportunity.
24/7 Wall St. Sets $490.29 Synopsys Price Target With Buy Rating
24/7 Wall St. issued a buy recommendation on Synopsys with a $490.29 price target, about 27.36% above the recent quote of $400.70, citing AI-driven chip design complexity. The firm reported 90% confidence in the call even as Synopsys shares have fallen 14.69% year to date and 16.54% over the past year, within a 52-week range of $362.55 to $539.48. In Q3 FY2026, Synopsys revenue reached $2.48 billion, up 42.4% year over year, and non-GAAP EPS came in at $3.91 versus $3.67 consensus, while management raised full-year revenue guidance to $9.69 billion to $9.74 billion and non-GAAP EPS guidance to $15.04 to $15.10. CEO Sassine Ghazi said AI is driving unprecedented complexity and increasing demand for silicon IP and engineering solutions, and the company logged more than 30 full-flow technical wins in a single quarter with agentic EDA being evaluated by 20 customers across more than 25 specialized AI agents. Synopsys carries an $11 billion backlog, the Ansys deal carries a reiterated $400 million revenue synergy target, and long-term debt jumped to $13.46 billion after Ansys, with GAAP profitability compressed by roughly $404 million per quarter of intangible amortization. Synopsys trades at roughly 28x forward earnings versus 30x for Cadence Design Systems, which has a $77.9 billion market cap and an analyst target of $402.12, while Broadcom trades at 19x forward earnings with a $1.71 trillion market cap and 85.5% quarterly revenue growth. The Street's average analyst target sits at $545.93, and the September 30 Investor Day could confirm Ansys synergy timing and agentic EDA monetization.
Qualcomm Jumps 7% as Amazon Deal Could Bring $60 Billion in Orders
Qualcomm shares jumped approximately 7% to $190.085 after the chip designer disclosed an AI-infrastructure partnership with Amazon that could see the e-commerce and cloud giant purchase as much as $60 billion of Qualcomm products. Under the arrangement, Amazon would receive purchase-linked warrants valued at roughly $4 billion, equivalent to about 6.7% of the potential $60 billion purchasing ceiling. The two companies are also building custom inference silicon and optical connectivity capable of reaching 1.6 terabits per second. The deal gives Qualcomm a credible path to becoming a larger supplier inside hyperscale AI infrastructure rather than remaining overwhelmingly tied to mobile chips. At $190.085, Qualcomm trades 8.3% above its $175.52 GF Value estimate, suggesting the market is already pricing in part of the Amazon opportunity.
Ceva and LG Electronics Combine UWB Technology as Major U.S. Chipmaker Adopts Solution
Ceva is combining its Ceva-Waves UWB baseband intellectual property and software with LG Electronics' ultra-wideband radio-frequency technology to offer a complete, silicon-ready solution, and a major U.S. semiconductor company has already selected the combined platform. The next-generation UWB architecture supports the latest IEEE 802.15.4ab standard and delivers improved ranging in non-line-of-sight environments, extended range, low-power operation and interference resistance, while LG's RF technology supports TSMC's 22-nanometer manufacturing process. ABI Research expects worldwide UWB device shipments to rise from 597 million in 2026 to nearly 1.18 billion by 2030, expanding licensing and royalty opportunities for Ceva. Ceva's broader connectivity portfolio spans Bluetooth, Wi-Fi, UWB, cellular IoT and 5G, and the LG partnership strengthens its competitive position across automotive, industrial and consumer end markets. Ceva currently carries a Zacks Rank #3 (Hold).
Amazon.com Inc
Arm Holdings plc American Depositary Shares
Alphabet Inc Class C
Microsoft Corporation
NVIDIA Corporation