The stock market closed higher on Wednesday despite increasing uncertainty on U.S. trade policy as NVIDIA (NVDA) led tech stock rally and closed at a record. NVIDIA was the first company to briefly hit the $4 trillion market capitalization.
Overall, S&P 500 was up 0.6% to 6,263, while NASDAQ increased 0.9% to 20,611.
Chart of the Day
Here is the one-year chart of Arm (ARM) as of June 10, 2025, when the stock was at $141.
In last quarter’s earnings, Arm reported record-breaking performance, driven by strong demand for power-efficient AI CPU products. The company delivered 53% profit growth on 34% revenue growth during the quarter.
Licensing revenue (software, support, chip designs) grew 53% year-over-year, reaching an all-time high. Royalty revenue (commissions per product shipped) grew 18% with Smartphone Royalties jumping 30% year-over-year. Management stated Royalty and Licensing growth was fueled by flagship smartphone launches based on the NEW ArmV9 technology, as well as a major multi-year AI deal with the Malaysian government. It added Arm is now increasingly the first choice for AI cloud deployments and expects up to 50% of new server chips and hyperscalers to be an Arm-based this year.
NVIDIA’s AI desktop, DGX Spark, is powered by its Grace Blackwell superchip with ArmV9 CPUs.
ARM is on the radar for our Growth Portfolio.
