Julie Morgan

The judge said she expects to issue a ruling on Anthropic's request in the next few days.

Arm Holdings is up 12% in pre-market action after the CEO projected 2031 annual revenue at more than six times its 2025 level.

Rene Haas unveiled Arm's first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer.

CNBC reported that Haas said Arm expects the new chip to generate roughly $15 billion in annual revenue by 2031, with total annual revenue of $25 billion and earnings per share of $9.

Now let's take a look at a few other articles that are trending.

SpaceX reportedly may file for a US IPO as early as this week.

OpenAI plans to discontinue its video generation app Sora.

And foreign phone shipments in China reportedly slumped 7.7% in February.

On our Catalyst Watch for the day, Dana will hold a Capital Markets Day event in New York City centered on its long-term Dana 2030 value creation strategy, targeting roughly $10 billion of annual sales by 2030, margin expansion, and the improvement of free cash flow.

Generac Holdings will hold its Investor Day event.

Starbucks will hold its annual meeting.

One of the items up for vote is a proposal for an independent board chair by separating the roles of chair and CEO.

And the CEO of Varonis will give a keynote address at the RSA Security Conference.

KB Home is on our list of the biggest movers of the day pre-market.

KBH is down 4% after reporting weaker than expected Q1 results and issuing soft guidance.

And on today's economic calendar at 7 a.m., MBA mortgage applications.

At 8.30 a.m., retail inventories as well as wholesale inventories.

And at 10.30 a.m., the EIA petroleum status report.

That's it for today's Wall Street Breakfast.

Thanks for listening.