TradingKey – Arm Holdings closed at $251.06 on August 26, up 3.9% for the day. Arm traded toward $260 in premarket trading on August 27. AI infrastructure spending gave investors more confidence to buy Arm Holdings stock due to positive results from NVIDIA. Arm Holdings closed the previous fiscal quarter with record quarterly revenue. Data center royalties also broke records and Arm Holdings has robust demand of more than $2 billion for its new AGI CPUs. With all of this fundamental strength, the question is, will Arm Holdings break $266.53 resistance?
Record Q1 Shows Data Center Is Becoming a Bigger Earnings Driver
Arm’s record Q1 revenue shows Data Centers now contribute significantly more to overall earnings. Arm reported $1.29 billion…
