ARM is trading about 10.6% up near $390.82 after Nvidia CEO Jensen Huang unveiled the Arm-based RTX Spark PC superchip at Computex, reinforcing the company's role at the core of AI and PC processors.
- The move extends a sharp multi-day rally, reflecting investor enthusiasm as Nvidia’s new chip further validates the Arm architecture.
- Market optimism is centered on the long-term AI royalty opportunities generated by Arm's expanding presence in high-performance PC processors.