Arm Holdings stock rose 8.9% due to President Trump's AI initiative Project Stargate

From Nasdaq: 2025-01-24 17:23:56

Arm Holdings’ stock (NASDAQ: ARM) rose 8.9% this week, reaching a high of 13%. President Trump’s AI initiative, Project Stargate, aims to bring $500 billion into the AI industry, benefiting companies like Arm with Oracle ties. Arm plans to increase licensing fees and explore making AI chips in-house, leading to positive market response. Consider investing in Arm Holdings but note it wasn’t among the Motley Fool’s top 10 stock picks. The Motley Fool advises on portfolio-building and offers two new stock picks monthly.Oracle stock was up with the announcement of Project Stargate. Arm Holdings may benefit from this initiative, with a potential increase in its bottom line. President Trump’s AI infrastructure initiative, Project Stargate, will bring $500 billion in private investment into the AI industry. Arm Holdings could see an increase in its stock price due to its relationship with Oracle and the White House. Arm Holdings plans to increase its licensing fees and explore making its own AI chips in-house. The company’s stock price rose significantly following these announcements.



Read more at Nasdaq: Why Arm Holdings Stock Soared Higher This Week