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SXSW 2025 has kicked off in Austin, showcasing a strong focus on AI applications in the real world, alongside tracks on the creator economy, health, and sustainability. The event features keynotes from industry leaders and highlights innovations like the new Waymo on Uber robotaxi service. TechCrunch will engage with VCs and experts to explore the evolving tech landscape amid current political dynamics.
Arm's stock surged 15.27% following news of its collaboration on the Stargate project, contributing to a year-to-date increase of 45.02%. Barclays analyst O’Malley raised the price target from $145 to $155, maintaining a Buy rating, while the consensus rating on Wall Street is a Moderate Buy with an average target of $155.73.
Major U.S. stock indices reached all-time highs on Wednesday, with the Russell 2000 up 5.84%, the Dow Jones up 3.57%, and the Nasdaq up 2.95%. Financials led the sector gains, rising 6.16%, while real estate and consumer staples saw declines. Key earnings reports are expected from Duke Energy and Datadog, with notable movements in housing stocks like Lennar and D.R. Horton.
The Bloomberg Tech Summit in London showcased key figures from the semiconductor industry, including ASML's CEO Christophe Fouquet and Arm Holdings' Rene Haas. Discussions centered on technology challenges, including US pressure on allies to limit chip sales to China, which remains focused on mainstream chip production. ASML, facing a decline in orders and a cut in its annual outlook, continues to dominate the advanced semiconductor manufacturing market.
Arm Holdings Plc CEO Rene Haas stated that a secondary share sale in London is not a priority at this time, over a year after the company opted for a New York IPO. He emphasized that discussions with government stakeholders and the local exchange will continue, but it is not a pressing issue.
Rene Haas
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