ARM Surges 10% to Record High Amid Strong AI Demand

ARM's stock price increased by 10% during intraday trading, reaching a record high of $282.80. This surge in value has elevated ARM's market capitalization to $300.9 billion for the first time. According to NS3.AI, the rise is attributed to strong global demand for AI computing. SoftBank, which owns approximately 87% of ARM, has realized over $220 billion in profit from an investment with a book cost of around $40 billion.