Arm’s frenzied stock rally continues as AI chase trumps valuation

Arm’s frenzied stock rally continues as AI chase trumps valuation

Shares of Nvidia Corp.NVDA are up 240% over the past year and shares of Super Micro Computer Inc. SMCI are ahead 760%. With moves like that, investors seem eager to get in on whatever could be the next blowout play on the artificial-intelligence trend. And judging by the explosive moves in Arm Holdings PLC’s stock ARM over recent days, Wall Street may have pegged the chip designer as that next big winner. The stock gained 29% in Monday’s session and …