Key facts: ARM Shares Jump 15% to 52-Week High; Bernstein Cites Cloud Demand
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ARM shares jumped ~15% to a 52-week high after Nvidia’s record quarter. Bernstein started coverage with Outperform and $300 target, citing AI-driven CPU demand and ARM’s power-efficiency edge.12ARM Holdings ADR: Bernstein says ARM is pushing from mobile into data center and cloud, with hyperscalers adopting Arm-based chips, which could boost royalty revenue as deployments scale.3
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