Arm stock soars on debut, Nvidia rises, AMC and HP fall, and more movers

by user

Here are some of the biggest stock movers Thursday:

Stock gainers:

Arm Holdings PLC’s stock

soared nearly 18% Thursday as the U.K.-based semiconductor design company made its eagerly-anticipated Wall Street debut. Late Wednesday, Arm priced shares at $51 each, towards the top end of the expected range.

Shares of Taiwan Semiconductor Manufacturing Co.

rose 1.1%. The chipmaker is among a host of companies investing in Arm at the IPO price.

Semtech Corp. shares

fell as much as 6% after the analog and mixed-signal chip maker forecast a loss for the current quarter while Wall Street had expected a profit. The stock then rallied, rising 6.4%.

Shares of Norwegian Cruise Line Holdings Ltd.’s

and Carnival Corp.

rose 5.1% and 3.6%, respectively, after they were upgraded by a Redburn Atlantic analyst.

Stock decliners:

AMC Entertainment Holdings Inc.

stock rose in premarket trades before falling 1.5% after the movie theater chain and meme stock darling announced the completion of its at-the-market equity offering, raising approximately $325.5 million.

HP Inc. shares

fell more than 2% after Berkshire Hathaway


sold 5.5 million shares of the PC and printer maker, according to a Securities and Exchange Commission filing late Wednesday.

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