Arm shares jump 29% as post-earnings rally extends to second week
Publishing timestamp: 2024-02-12 16:08:49
Summary
The article discusses how Arm shares have soared due to its strong growth forecast and position in the artificial intelligence boom. Investors have declared Arm as an AI darling and the stock has almost tripled since its initial public offering. Arm's optimistic growth forecast and royalty strength have made it a popular choice among investors, despite having a higher earnings multiple than Nvidia or AMD. The article also mentions that Arm's value may become clearer when the post-IPO lockup expires next month.
Sentiment: POSITIVE
Keywords: technology, business news, apple inc, breaking news: technology, business, earnings, mobile, intel corp, arm holdings plc,
Source: https://www.cnbc.com/2024/02/12/arm-stock-up-25percent-extending-rally-to-second-week.html