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Arm’s share price surged again, nearly doubling in just three days. AI-themed profits haven’t stopped.

chip design companya mother(Arm) stock price rose again on Monday (12th), almost doubling in three consecutive days, due to the bright financial report released last week, which showed the strength of the corporate world.AyeHis revenue is increasing due to spending.

Arm’s stock price rose 29% on Monday to a new high of $148.97 per share. It surged 42% during the session, and trading volume was more than ten times the average level over the past three months. Since Arm announced its financial report after the market closed on February 7, its share price has surged more than 93% in three trading days.

Dennis Dick, a trader at Triple D Trading, said: “What you’re seeing right now is this craze for anything to do with AI. Algorithmic trading is involved, retail investors are involved, people are buying options. It’s all just snowballed. It is done .”

Amou’s expansion into areas beyond smartphone technology is growing the business and improving profitability. Last week, Arm forecast revenue of US$850 million to US$900 million for the quarter ending in March, far above analysts’ forecast of US$778 million. CEO René Haas said that the opportunities brought by AI are still in their early stages.

The new craze in the market towards Arm stocks has created some remarkable situations, that is, a surge has happened in a short period of time after the market opened. On February 8, Amou’s share price rose from the previous day’s closing price of $77.01 to nearly $127 within 36 minutes of opening; On February 12, the rise was concentrated within 108 minutes of the open.

Some market participants expect Arm’s rally to continue as traders will continue to buy options, especially short-term calls, in response to further increases in Arm’s stock price. The most actively traded option was a $185 call option expiring on Friday, with 54,000 contracts changing hands and the last trade at $6 per contract. Given that Arm’s stock price closed at $148.97 per share on the 12th, for these contracts to have value when they expire this week, Arm’s stock price would have to increase by 28%.

As yet,HuidaIt is the biggest beneficiary of the AI ​​boom, and its share price has tripled since last year. This is because the so-called AI accelerator chip has driven HUDA’s revenue and profit growth. Huida’s share price has surged 46% this year, and the company’s market value once overtook Amazon’s during Monday’s session.

Arm and Huida originally discussed a merger. The deal, announced in September 2020, was worth US$40 billion, but the deal ultimately fell apart as Arm customers were opposed to the merger from the beginning. Regulators have also vowed to step up investigations.

Arm’s share price has nearly tripled since its listing in September last year, and its current market value is more than US$150 billion, which is higher than that of Boeing and AT&T. Currently, SoftBank Group (SoftBank) still owns 90% of Arm’s shares. SoftBank acquired Arm in 2016 for US$32 billion.

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