On June 24, ARM Holdings rose 3.36% overnight, trading at $378.27 USD/share, with turnover of $4.0392 million. The stock rebounded following a sharp 7.22% decline in the prior session.

On the news front, Bank of America significantly raised its target price for ARM Holdings from $335 to $460 while maintaining a Neutral rating, citing AI-related capital expenditure visibility now extending clearly to 2028. BofA projected wafer fabrication equipment spending to reach $250 billion by 2028, estimating approximately $170 billion in combined server market opportunity across x86 and ARM architectures. Separately, Bernstein raised ARM's target price from $300 to $500 with an Outperform rating, identifying ARM as the top structural beneficiary of the agentic AI era due to its superior power efficiency in data center deployments and projected 2030 revenue growth from $15 billion to $22 billion.

Within the Semiconductors sector, stocks broadly advanced. Among individual names, Micron Technology up 5.04%, Intel up 2.84%, Marvell Technology up 2.49%, Advanced Micro Devices up 1.09%, NVIDIA up 0.73%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)