On June 25, ARM Holdings rose 5.53% in regular trading, trading at $369.07/share, with turnover of $251 million. Multiple bullish catalysts converged to drive the stock higher.
UBS raised its target price on ARM from $260 to $470, maintaining a Buy rating, citing accelerating agentic AI development that is expected to boost demand for standalone CPU racks. The firm also noted that ARM's royalty revenue from leading-node applications is poised to increase. On the same day, Qualcomm announced at its Investor Day a data center revenue target of $15 billion by 2029, with its chips built on ARM architecture, providing a direct positive catalyst for ARM.
Additionally, Bank of America previously raised its ARM target price from $335 to $460, while SoftBank CEO Masayoshi Son publicly stated that Arm's market capitalization could grow tenfold as AI architecture shifts toward CPU-centric design. Bernstein also raised its 2030 global server CPU market size forecast from $137 billion to $223 billion, identifying Arm as the largest beneficiary of the agentic AI era.
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