Arm Holdings Surges 68% in May Amid Strong Market Momentum and Strategic Partnerships
Shares of Arm Holdings (ARM) surged by 68% in May, driven largely by a bullish coverage initiation from Bernstein on May 20. The stock's performance was further supported by strong results from partner Nvidia (NVDA), which saw an 85% year-over-year revenue increase and a 140% rise in adjusted earnings per share.
Topics: AI chips Arm Holdings market performance Nvidia