Arm Holdings Plc (NASDAQ:ARM) stock jumped more than 11% Thursday as investors bought the dip, and chip and AI-linked stocks gained strength across the market.
Arm Rallies With AI Chip Rebound
Arm rose between 10.5% and 12% intraday as traders returned to the stock after a prolonged pullback. The move also followed broader semiconductor momentum tied to Micron Technology Inc.’s (NASDAQ:MU) major U.S. manufacturing investment and renewed institutional confidence ahead of Arm’s upcoming earnings report.
The rally came as the Nasdaq gained 1.49% and the S&P 500 rose 0.68%, reinforcing the stronger tone across technology stocks.
Technical Analysis
ARM is still in a long-term uptrend, trading 84.3% above its 200-day SMA ($180.46) and 47.7% above its 100-day SMA ($225.16), which keeps the bigger-picture trend firmly pointed higher. The golden cross that formed in April (50-day SMA moving above the 200-day SMA) remains a bullish structural signal for longer-term trend followers.
Earnings & Analyst Outlook
Following last quarter’s results, investors are now tracking the path toward the next reporting date on July 29, 2026 (confirmed).
- EPS Estimate: 36 cents (Up from 35 cents YoY)
- Revenue Estimate: $1.27 Billion (Up from $1.05 Billion YoY)
- Valuation: P/E of 353.2x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $274.90. Recent analyst moves include:
- TD Cowen: Buy (Raises Forecast to $475.00) (June 24)
- UBS: Buy (Raises Forecast to $470.00) (June 24)
- B of A Securities: Neutral (Raises Forecast to $460.00) (June 23)
Top ETF Exposure
- REX AI Equity Premium Income ETF (NASDAQ:AIPI): 5.11% Weight
- First Trust International Equity Opportunities ETF (NASDAQ:FPXI): 3.40% Weight
- VanEck Fabless Semiconductor ETF (NASDAQ:SMHX): 5.92% Weight
Significance: Because ARM carries significant weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.
Price Action
ARM Stock Price Activity: ARM Holdings shares were up 11.26% at $334.05 at the time of publication on Thursday, according to Benzinga Pro data.
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