Why Arm Stock Is Surging Today
Arm (NASDAQ: ARM) stock is rapidly gaining ground in Thursday's trading. The semiconductor company's share price was up 6.7% as of 11:15 a.m. ET. The S 500 was up 0.8% at the same point in the session, and the Nasdaq Composite was up 2.1%. Arm stock had been up as much as 19.4% near the session's open.
After the market closed yesterday, Arm published results for the first quarter of its 2027 fiscal year. Sales and earnings for the period topped expectations, and the company's valuation is also getting a boost from rebound trading for the broader market after yesterday's big sell-off.
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Source Fool.com
