Arm Holdings Soars on AI CPU Plans, Data Center Expansion
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Arm Holdings stock surged following AI CPU plans, driven by robust revenue growth and AI demand. The companys licensing and royalty model fueled a 26% Q3 fiscal 2026 revenue increase, with royalties jumping 27% due to AI, data center needs, smartphone upgrades, and compute subsystems. The stock opened at $148.26, hit a high of $166.69, and closed at $157.07, with a massive 29.48 million shares traded. Arm now trades above its 20-day and 200-day moving averages, testing resistance between $160 and $185, with support near $100 to $118 if it pulls back.
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