"That's just created this once-in-a-decade momentum," said Mehdi Hosseini, an equity research analyst covering the stock at Susquehanna International Group.
While the company posted robust results and guidance, analysts have cast doubt over the magnitude of recent stock moves, which include a 48% post-earnings rally and a 19% drop during Tuesday's session.
ARM mountain 2024-02-08 Arm since reporting earnings One key factor at play is the limited number of shares in the marketplace.
Traders typically buy shares short as a bet that the price of an asset will fall.
The unwavering excitement around AI that's driven an investing frenzy over the last year may also be a factor at play with Arm.
Persons:
That's, Mehdi Hosseini, Needham, Charles Shi, Ryuta Makino, there's, SoftBank, Hosseini, Shi
Organizations:
Holdings, Susquehanna International Group, Apple, Nvidia, Devices, ARM, GAMCO Investors, Retail, Tesla, Vanda Research, Partners, Traders