Analyst: Arm Stock Fundamental to Edge AI's Success

Shares of chipmaker Arm Holdings (NASDAQ:ARM) are 2.7% higher in premarket trading, following a bull note at Morgan Stanley. The analyst upgraded ARM to "overweight" from "equal weight" and lifted its price target from $107 to $190 -- a nearly 20% premium to last night's close -- after saying the company's products are instrumental to the successful rollout of edge artificial intelligence (AI).Since going public in September 2023, Arm stock has flourished on the charts. The equity has not only doubled in 20 ...