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

By MarketWatch

U.K.-based semiconductor design company Arm Holdings PLC made its eagerly-anticipated Wall Street debut Thursday.

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.(2330.TW) rose 1.1%. The chipmaker is among a host of companies investing in Arm at the IPO price.

Semtech Corp. shares (SMTC) 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(NCLH) and Carnival Corp.(CCL) rose 5.1% and 3.6%, respectively, after they were upgraded by a Redburn Atlantic analyst.

Stock decliners:

AMC Entertainment Holdings Inc.(AMC) 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(HPQ) fell more than 2% after Berkshire Hathaway (BRKA)(BRKA) sold 5.5 million shares of the PC and printer maker, according to a Securities and Exchange Commission filing late Wednesday

-MarketWatch

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09-14-23 1355ET

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