Is Arm's Massively Soaring Share Price Proof That AI Stocks Are in a Bubble?

In the span of less than a week, shares of Arm Holdings (ARM -4.00%) skyrocketed from $77 to nearly $149 as of Monday's close, almost doubling in value. The catalyst behind this strong movement was the company's earnings report and promising guidance. While the results were good, were they really good enough to warrant this kind of move in Arm's valuation, or is this simply proof that there is a bubble when it comes to artificial intelligence (AI) stocks?Arm's earnings were good, but profits actually declin ...