Arm Holdings PLC (NASDAQ:ARM) is one of the 10 Stocks That Absolutely Exploded Higher.
Arm Holdings saw its share prices jump by 11.27 percent on Friday to close at $380.81 apiece, as investors took heart from Bank of America’s highly optimistic outlook for the broader semiconductor industry, with the company alone earning a 37 percent price target upgrade.
In a market note, BofA raised its price target for Arm Holdings PLC (NASDAQ:ARM) to $335 from $245 previously, reflecting its optimism for the company’s long-term opportunities in chiplet architectures and custom AI computing designs.
Photo from Arm Holdings
The coverage was in line with BofA’s optimistic outlook for the semiconductor sector, saying that agentic AI is set to become its next major growth catalyst, creating a potentially massive opportunity for chipmakers.
Apart from Arm Holdings PLC (NASDAQ:ARM), BofA also underscored its huge optimism for other players, namely Nvidia Corp. and Advanced Micro Devices.
In other news, Arm Holdings PLC (NASDAQ:ARM) recently underscored its partnership with Super Micro Computer Inc. for a new class of servers designed to meet the rapidly growing compute demands of the Agentic AI era.
Arm’s recently introduced AGI CPU powers Supermicro servers and delivers industry-leading compute density and power efficiency for next-generation AI inference and agentic workloads.
While we acknowledge the potential of ARM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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