Why Arm Holdings Stock Is Skyrocketing Today
Shares of Arm Holdings (NASDAQ: ARM) are soaring Wednesday. The stock is up 14.5% as of 11:50 a.m. ET, gaining as much as 17.8% earlier in the day. The leap comes as the S 500 and the Nasdaq Composite gained 0.7% and 1.3%, respectively.
Arm is benefiting from the recent announcement of a new artificial intelligence (AI) investment initiative from the Trump administration as well as a rollback of AI regulations.
President Trump announced a new project -- dubbed Project Stargate -- that will bring billions of dollars in private investment to the AI industry. Arm will be a direct recipient of Project Stargate and will also benefit downstream from its partner, , one of the key players in the deal. Project Stargate will, in part, help fund the building of Oracle AI data centers -- good news for Arm, whose technology is featured heavily in the servers that fill these data centers.
Source Fool.com
Oracle Corp. Stock
The stock is one of the favorites of our community with 73 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 207 € is below the current price of 221.85 € for Oracle Corp., so the potential is actually -6.69%.
