Arm shares surge on AGI chip demand and analyst upgrades

MSN
2026.06.13 00:23
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Arm shares surged over 11% following the launch of its first in-house AGI CPU for data centers, which secured over $2 billion in customer commitments. The rally was further driven by analyst upgrades, including Mizuho raising its price target to $500 and Bank of America increasing its global CPU market forecast. Despite high valuation multiples, analysts suggest Arm's strategic pivot to AI could justify the premium if growth targets are achieved.