The Weekly Close: Defensives Surge as Chip Stocks Slide
S&P 500 weekly gains hit 1.3% as telecom towers and utilities rallied while Arm, Intel and Seagate led a chip-sector slide.
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Arm CEO: Chip Supply, Not Demand, Is Now the Real Constraint
Arm's CEO says the Arm chip supply constraint, not demand, is capping AI chip revenue growth after his CNBC comments moved the stock.