Arm Holdings Faces a Huge Test This Week. Will the Hot AI Stock Fly or Die?

Move over, Nvidia. There's a new artificial intelligence (AI) stock making waves across Wall Street.Arm Holdings (ARM -6.65%) has been public for less than six months, but the chip company best known for licensing its low-power processor designs has edged out even Nvidia so far in 2024. Through March 6, Arm stock is up 82% for the year, compared to a 79% gain for Nvidia.Arm shares surged on its earnings report in February after the company beat quarterly estimates and raised its guidance significantly for t ...