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

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.