Arm Stock Soars to Record High on AI Frenzy, Earnings Beat
- Arm stock surged over 20% to record high amid AI stock buying frenzy
- CEO cites "strong momentum and tailwinds from all things AI"
- Stock jump follows fiscal Q3 earnings beat and bullish outlook
- Analyst reiterates buy rating, raises price target to $140
- Arm stock now on multiple IBD stock lists like Leaderboard