Shares Of Chip Designer Arm Hit New All-Time High—Outclassing 2023 IPO Peers
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 ...