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Why Arm Stock Skyrocketed 68% in May

TheMotleyFool

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Why Arm Stock Skyrocketed 68% in May: https://g.foolcdn.com/editorial/images/872859/arm-stock-why-up-best-ai-stocks.jpg

Shares of Arm Holdings (NASDAQ: ARM), the world's leading central processing unit (CPU) chip designer, soared 68% in May, according to data from S&P Global Market Intelligence. This stellar performance brings the stock's 2026 return to a jaw-dropping 268%, as of June 2. The S 500 index returned 11.7% over this period.

For context, shares of artificial intelligence (AI) chip and infrastructure leader Nvidia (NASDAQ: NVDA) gained 8.4% in May. And last month, the S 500 returned 5.3%, and the tech-heavy Nasdaq Composite index returned 8.4%.

Image source: Getty Images.

Source Fool.com

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