Can Arm's earnings ever justify its huge stock price surge?

“Arm is getting the credit it deserves for the current, and future, state of the computing market.”In one of the biggest stories in tech this week, Arm Holdings ARM, +47.89%, a company that only recently returned to being a public company last September, saw a huge spike in its stock, nearly 60% at one point, after its quarterly earnings report. As recently as the end of October, Arm shares traded below $50, yet broke $120 on Thursday. To most observers, the sudden valuation increase doesn’t match up to the ...