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Arm Holdings Stock Surges After HSBC's Buy Upgrade To $205
Arm Holdings (NASDAQ: ARM) shares surged after HSBC upgraded its rating from Reduce to Buy and raised the price target significantly from $90 to $205. The upgrade is based on HSBC’s view that Arm’s shift into a key supplier of CPU architecture for AI servers presents a “game-changing” opportunity that the market currently undervalues. Technical indicators suggest strong momentum, with the stock trading above its 20-day and 100-day SMAs.