News Post
Reuters
| 3mHunt for ‘next Nvidia’ draws options traders to Arm’s soaring stock
Options traders are flocking to Arm Holdings as the demand for artificial intelligence (AI) stocks continues to surge. The company's shares have risen 80% since Wednesday due to projected better-than-expected quarterly results. This has led to a significant increase in options trading volume, with investors seeking the "next NVIDIA." Arm's rising stock price has resulted in substantial gains for bullish options bets, prompting some investors to consider selling puts to secure recent profits. Despite not being directly involved in AI work, Arm's technology is being chosen by companies like NVIDIA for their AI-specific chips.
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