Why Arm Holdings Stock Popped Today
Arm stock could be the biggest beneficiary of a shift to CPU sales for AI.
Overview
Arm Holdings (NASDAQ: ARM) stock jumped 4% through 12:45 p.m. ET Thursday. You can thank the friendly bankers at Bank of America for that.
In a note out this morning discussing the semiconductor market, BofA analyst Vivek Arya revised his forecast for growth in CPU sales. He named several stocks that may benefit from his projections -- but perhaps none more than Arm.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.