Arm Acquires Stake in Raspberry Pi, Intel's Q3 Earnings Disappoint, and Intel's Market Share Challenged by Arm-based PC Chips

Arm Holdings plc, a chip design company, has acquired a minority stake in Raspberry Pi Ltd. This investment extends their long-term partnership and signifies a commitment to the development of high-performance IoT devices. Intel, on the other hand, reported Q3 earnings that fell short of expectations but beat forecasts. The company's CEO downplayed the threat of Arm encroaching on Intel's PC ecosystem, stating that Arm's impact is insignificant. Additionally, reports suggest that Nvidia and AMD are working on Arm-based PC chips, which could potentially challenge Intel's dominance in the PC chip market.