According to the Smart Finance APP, on Friday, Arm Holdings (ARM.US) stock price rose, as of press time, the stock rose more than 5.4%, closing at $146.81. Raymond James gives the company an "outperform" rating and a target price of $160. The analyst at the bank said that as a major supplier of energy-efficient processors/subsystem intellectual property, Arm is in a favorable position to benefit from the rapid growth of artificial intelligence from the cloud and the edge.

Earlier this week, Morgan Stanley listed Arm as a new large-cap stock in the AI field, citing the company's strong position in the fast-growing Edge AI market.