Arm Holdings Stock Rises on Bullish Analyst Note
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BTCCSquare news:
Arm Holdings (ARM) gained nearly 2% on Monday, outperforming the broader market's 0.3% decline, after Seaport Global Securities initiated coverage with a buy recommendation and a $150 price target. Analyst Jay Goldberg highlighted the chipmaker's successful diversification beyond mobile into high-growth areas like data centers and automotive technology.
The report emphasized Arm's positioning in AI-driven data center demand and its tripled addressable market in automotive applications. This Optimism comes despite recent lackluster performance for the stock, suggesting a potential inflection point for investor sentiment.
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