AI Summary
Jefferies raised its price target for Arm Holdings to $320 from $290, citing increased orders for the company's AGI CPU driven by growing demand for agentic AI processors. The investment bank expects the surge in AI-driven CPU demand to continue supporting Arm's growth trajectory.
Jefferies has raised its price target on Arm Holdings PLC (NASDAQ:ARM) to $320 from $290, arguing that orders for the chip designer's AGI CPU have risen further since full-year results as agentic artificial intelligence fuels demand for processors.The broker repeated its 'buy' rating on…
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