Arm Holdings (ARM) Hits 52-Week High: What's Next for Investors?
ARMArm plc(ARM) ZACKS·2024-07-11 02:36

Shares of Arm Holdings plc (ARM) reached a 52-week high of 188.75onJul9beforeslightlydippingtocloseat188.75 on Jul 9 before slightly dipping to close at 182.28.This year, ARM shares have seen an impressive rise of 156%, significantly outpacing the industry’s 22% rally. The remarkable performance of the stock can be attributed to the ongoing excitement around advanced artificial intelligence (AI) software and the associated hardware. Moreover, investors in Arm are closely monitoring both the global and American economic landscapes.Considering the ...