Why Arm Holdings Stock Rallied on Thursday

The semiconductor specialist got a vote of confidence from Wall Street.Shares of Arm Holdings (ARM 6.99%) climbed sharply higher on Thursday, rising as much as 8.8%. As of 12:30 p.m. ET, the stock was still up 8.3%.The catalyst that drove the semiconductor specialist higher was an upgrade and some bullish commentary from a Wall Street analyst.Better days aheadDaiwa Securities analyst Louis Miscioscia upgraded Arm Holdings to outperform (buy) from neutral (hold) while assigning a $130 price target. That repr ...