US Stock Market Update | Arm Holdings rose more than 5.4%, Raymond James rated it as "outperforming the market"
On Friday, Arm Holdings' stock price rose, with the stock up over 5.4% to $146.81 as of the time of publication. Raymond James gave the company an "outperform" rating and a target price of $160. The analyst at the firm stated that as a major supplier of energy-efficient processor/subsystem intellectual property, Arm is in a favorable position to benefit from the rapid growth of artificial intelligence generated from the cloud and edge. Earlier this week, Morgan Stanley listed Arm as a new top pick stock in the AI field, citing the company's strong position in the rapidly growing Edge AI market
According to the financial news app Zhitong Finance, on Friday, Arm Holdings (ARM.US) saw its stock price rise, with the stock up over 5.4% to $146.81 at the time of publication. Raymond James has given the company an "outperform" rating and a target price of $160. Analysts at the firm stated that as a major supplier of energy-efficient processor/subsystem intellectual property, Arm is in a favorable position to benefit from the rapid growth of artificial intelligence generated from the cloud and edge.
Earlier this week, Morgan Stanley identified Arm as a new top pick stock in the AI field, citing the company's strong position in the rapidly growing Edge AI market