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Investor Bill Baruch buys Arm, citing pivot to AI chips and recent Meta deal as catalysts

Investor Bill Baruch buys Arm, citing pivot to AI chips and recent Meta deal as catalysts

Investor Bill Baruch says he’s buying shares of Arm Holdings , pointing to the semiconductor and software design firm’s recent deal with Meta as a key catalyst as the company pushes deeper into building its own chips. While Arm Holdings has historically only licensed its chip architecture, the company recently shifted its business model to…

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Honeywell disappoints on quarterly results but delivers on breakup plan

Honeywell disappoints on quarterly results but delivers on breakup plan

Honeywell is selling off after disappointing first-quarter numbers. However, the report included a key update on the industrial conglomerate’s major breakup, which should reward shareholders who hang on. Adjusted earnings per share increased 10.1% from the year-ago period to $2.45, outpacing the LSEG estimate of $2.32 apiece. Adjusted revenue in the quarter ending March 31…

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