• Arm Holdings plc American is trading 3.1% up in after-hours at $431.73, following a 5.69% gain in the regular session to $418.88.
  • The surge is primarily driven by analyst upgrades, with Bernstein boosting its price target to $500 (from $300) and maintaining an Outperform rating, citing a "CPU renaissance" tied to agentic AI.
  • Bank of America also raised Arm's price target from $245 to $335, reflecting a positive reassessment of the company's value and the expected growth of the global CPU market to $170 billion over the next five years due to AI demand.