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Why Arm Stock Skyrocketed This Week

TheMotleyFool

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Why Arm Stock Skyrocketed This Week: https://g.foolcdn.com/editorial/images/871557/gettyimages-1352607170.jpg

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

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