Why Arm Holdings Stock Soared Higher This Week

Shares of Arm Holdings (ARM -2.43%) were trading higher this week. The company's stock gained 8.9% as of market close but was up as much as 13% earlier in the week. The leg up comes as the S&P 500 and Nasdaq 100 were up 1.7% and 1.6%, respectively.President Trump's new AI infrastructure initiative, Project Stargate, helped boost AI stocks across the board, but Arm's relationship with Oracle could mean it benefits more than most.Project Stargate will bring billions of dollars to American AIOracle CEO Larry E ...