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Arm Stock Eyes This Segment As Software Will Become 'Survival' For Automakers | IBD

Since its blockbuster return to the public market in September 2023, chip designer Arm has dazzled investors with its strong price history. And while the company is known for its mobile phone technology, CEO Rene Haas has signaled that Arm's automotive segment is a key area of focus as the era of smart cars has upped the demand — and price — for the high-performing chips powering our vehicles. On this Growth Stories Spotlight, Arm's head of automotive Dipti Vachani takes us on a deep dive into the chip designer's strategy and why the company is focused on the auto segment as a pillar of future success. New to trading? Check out our daily newsletter! https://get.investors.com/marketdiem/ Get more IBD by subscribing to our channel:    / @investorsbusinessdaily   Visit our website: https://www.investors.com Like us on Facebook:   / investorsbusinessdaily   Follow us on Twitter:   / ibdinvestors   Follow us on Instagram:   / investorsbusinessdaily   Follow us on StockTwits: https://stocktwits.com/InvestorsBusin... Follow us on LinkedIn:   / investors-business-daily   Follow us on TikTok:   / ibdinvestors   Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. #InvestorsBusinessDaily #IBD