Wall Street sets ARM stock price for the next 12 months

It is hard to imagine a chipmaker stock that is currently performing better than Nvidia (NASDAQ: NVDA), but Arm Holdings (NASDAQ: ARM) is up by more than 116% since 2024 started, which is double when compared to NVDA’s gain of almost 50%.The AI boom has spearheaded most of the stocks in the semiconductor industry, with profits and guidance reported by ARM seemingly driving its gains a week after their quarterly earnings reports were released.Investors liked what they saw, with ARM gaining 93.44% since the q ...