ARM Holdings Stock Surges 5% to $150, Market Cap Hits $160 Billion

ARM Holdings' stock has surged significantly, reaching a 5% increase to $150, with a market cap of approximately $160 billion. The stock is now up over 4.4% and is approaching a new all-time closing high, just 3% away. This marks a remarkable recovery from two months ago when the stock had dropped into the 80s. SoftBank, which purchased ARM for around $32 billion, has seen a fivefold increase in its investment. The stock's upward movement comes ahead of a major report from Broadcom (AVGO) and follows a period of significant long-term put sales when the stock was under $90. The open interest call wall shifted up to 150 this week.