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Why Arm Holdings Stock Rallied on Thursday
Key takeaways
- ARM NVDA Shares of Arm Holdings (NASDAQ: ARM) climbed sharply higher on Thursday, rising as much as 8.7%.
- The catalyst that drove the semiconductor specialist higher was an aggressive price target increase and bullish commentary from a Wall Street analyst.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
ARM NVDA Shares of Arm Holdings (NASDAQ: ARM) climbed sharply higher on Thursday, rising as much as 8.7%. As of 11:45 a.m. ET, the stock was still up 6%.
The catalyst that drove the semiconductor specialist higher was an aggressive price target increase and bullish commentary from a Wall Street analyst.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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