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Instacart, a grocery delivery service, has filed for an IPO on Nasdaq under the ticker symbol 'CART'. Its recent ARM success has led to an increase in IPO price target. Despite its billion-dollar valuation, Instacart remains a profitable company, making it a top buy-and-hold investment for years. The Instacart IPO is being compared to Joe Biden's presidential campaign, emphasizing its potential for success and growth.

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