🟢 Arm Holdings plc American is trading 4.2% up today as Bernstein raises price target to $500 amid surging AI demand

Arm Holdings plc American is trading 4.2% up at $412.79, rebounding from a recent pullback.

• Bernstein analyst David Dai upgraded Arm's price target to $500 from $300 and maintained an Outperform rating, citing Arm as a structural beneficiary of AI CPUs.
• The surge is further fueled by increasing demand for AGI CPUs and spillover from Nvidia’s latest AI and PC hardware developments, reinforcing positive analyst sentiment following strong recent earnings.
• The stock is recovering from a nearly 4% decline on June 16.