Arm Holdings stock surged 68% in May, outperforming Nvidia and major indices amid strong AI-driven demand and bullish Wall Street sentiment.
Shares of Arm Holdings (NASDAQ: ARM) jumped 68% in May, extending its 2026 return to 268%, according to S&P Global Market Intelligence. The gain outpaced the S&P 500’s 11.7% return and Nvidia’s 8.4% May increase.
The rally followed Bernstein’s initiation of coverage with a buy rating on May 20, which triggered a 15.1% single-day gain. The stock rose another 37.4% in the subsequent three days. Nvidia’s fiscal first-quarter results, showing 85% revenue growth and 140% adjusted EPS growth, also fueled optimism as Arm’s technology powers many Nvidia chips.
Arm’s performance reflects its position as a key beneficiary of AI infrastructure demand, with Wall Street viewing it as a critical player in the sector’s expansion.