Yahoo TV

British chip designer Arm Holdings (ARM) made its market debut on the Nasdaq at $56 a share. It had priced at $51. The company's CEO Rene Haas tells Yahoo Finance Live's Josh Lipton that the company is "very different" than it was in 2016 when it was last public, emphasizing how much more diverse the business has become. One of the areas Arm expects to play a big role in is AI, of which Haas says, "it's impossible to build AI without Arm." "The AI growth curve for us, we're super excited about," Haas said. When it comes to the smartphone business, Haas says, given how increasingly complicated the devices are becoming, it can still be an area of growth for the company.