AI Summary
Jefferies upgraded Arm Holdings' price target to $320 from $290, citing improving long-term growth prospects driven by rising AI workload demand. The semiconductor designer is expected to benefit from increased CPU demand as artificial intelligence applications continue to expand across industries.
Arm Holdings PLC (NASDAQ:ARM)'s long-term growth outlook is improving as rising demand for artificial intelligence workloads drives increased need for CPUs, according to Jefferies, which raised its price target on the semiconductor designer to $320 from $290.The company's shares are up…
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