US Stock Market Update | Arm Holdings rose more than 5.4%, Raymond James rated it as "outperforming the market"
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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
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