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Apple releases its first AI-powered phone, stock ends slightly up
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$Arm Holdings (ARM.US)$ Apple is widely expected to launch the iPhone 16 on Monday.
The latest version of the phone will reportedly include a chip based on Arm Holdings technology to power generative AI capabilities. That news lifted Arm's shares Monday.
Chips made using Armv9 technology made up 25% of the company's royalty revenue last quarter.
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