Leverage Shares 2X Long ARM Daily ETF is trading 13.5% up today following a significant price-target increase for its underlying asset, Arm Holdings.
- Bernstein raised its price target for ARM to $500, citing accelerating demand for AI-related technologies as a primary growth driver.
- As a 2x leveraged product, the ETF is amplifying the strong upward momentum seen in Arm Holdings shares during the June 18 session.
- The bullish call underscores growing investor confidence in ARM's strategic position within the global artificial intelligence ecosystem.