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Shares Of Chip Designer Arm Hit New All-Time High—Outclassing 2023 IPO Peers
Arm plcArm plc(US:ARM) Forbes·2023-12-26 21:10

ToplineBritish chip designer Arm’s stock rallied Tuesday to its highest level since it began trading in September, riding the wave of optimism surrounding generative artificial intelligence to a rare win for recent initial public offerings on the stock market. Confetti falls during Arm's Nasdaq debut in September.Getty Images Key FactsShares of Arm gained as much as 2.4% to $74 Tuesday, outpacing modest gains from the S&P 500 and tech-heavy Nasdaq during low-volume trading during the holiday week. Arm’s r ...