Arm Holdings Surges 80% to $141B on AI Hype

Shares of Arm Holdings Surge Over 40% on the Back of Artificial Intelligence Optimism

Arm Holdings, the chip designer known for its cutting-edge technology, experienced a significant surge in its shares, soaring more than 40% on Monday. This rally comes as optimism around artificial intelligence (AI) continues to grow. The stock reached as high as $164, a staggering 42% increase from its Friday close, before settling at $139.65, up 21%.