Arm Holdings (NASDAQ:ARM) has more than tripled in valued since its Sept. 14 initial public offering. It started trading at a market capitalization of $54 billion and today is worth over $182 billion. Shares that originally went for $51 a stub now trade at $181 each. ARM stock is up 141% in 2024 alone.The tremendous drive higher in ARM stock is because of the demand frenzy for artificial intelligence, even though the CPU architecture developer only indirectly benefits from the technology. While it is the pr ...