Why Arm Stock Skyrocketed This Week
Arm (NASDAQ: ARM) stock enjoyed huge bullish momentum this week. The company's share price rose 46.5% in a stretch of trading that saw the S 500 climb roughly 0.9%, and the Nasdaq Composite gain roughly 0.5%.
The semiconductor architecture specialist saw big gains in response to bullish analyst coverage. The company's share price also got a big boost in conjunction with the release of Nvidia's first-quarter report.
Image source: Getty Images.
Source Fool.com
