US Stock Market Move | Arm Holdings (ARM.US) rose more than 5.4%, Raymond James gave it an "outperform" rating compared to the market.

On Friday, Arm Holdings (ARM.US) stock price rose, with the stock up over 5.4% to $146.81 as of the time of publication. Raymond James has given the company an "outperform" rating with a target price of $160. The analyst at the firm stated that Arm, as a leading supplier of energy-efficient processor/subsystem intellectual property, is well positioned to benefit from the rapid growth of artificial intelligence in the cloud and edge generation. Earlier this week, Morgan Stanley named Arm as a top pick stock in the AI sector, citing the company's strong position in the rapidly growing Edge AI market.