ARM is trading at $350.15 (+4.44%) after Mizuho raised its price target to $360 and reiterated an Outperform rating.

  • Mizuho highlighted the company's pivotal role in AI data-center CPUs, reinforcing bullish sentiment around AI infrastructure demand.
  • The move comes as semiconductor stocks trade broadly higher, with risk appetite improving and tech shares rising across the market.
  • Analysts noted that the gains are primarily driven by the specific analyst upgrade and AI-related optimism rather than a general market swing.