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Arm’s Stock Explosion: SoftBank’s Golden Bet?

Arm shares surge as earnings-driven rally continues, benefiting SoftBank. With shares skyrocketing and revenue surpassing expectations, SoftBank's stake in Arm is now valued at over $129 billion, exceeding its own market cap. Investors anticipate potential moves by SoftBank as the lockup agreement expires.

by Mark Eisenberg
Mon, Feb 12, 2024 11:42pm
in Stock Market
• 2 mins read
14.8k
Arm's Stock Explosion: SoftBank's Golden Bet? | FinOracle

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Arm Shares Skyrocket as Earnings-Driven Rally Continues, SoftBank Poised to Reap Huge Rewards

Arm, the chip design firm, witnessed a remarkable surge in its shares on Monday, with prices skyrocketing by as much as 37% as the earnings-driven rally shows no signs of slowing down. Despite minor pullbacks, the stock remains significantly higher, trading at around $146.80, up by about 27%. This surge comes after the stock soared over 80% in just three days, reaching a peak of $164 earlier today, more than triple its IPO price of $51 in September 2023.

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