Hunt for next Nvidia draws options traders to Arm s soaring stock – ET Telecom

The craze for artificial intelligence stocks sent options traders piling into bets on Arm Holdings on Monday, with many positioning for more gains in the shares after they almost doubled in price in less than a week. Arm Holdings shares are up 80% since Wednesday, after the company forecast better than expected quarterly results powered by demand for its technology to design chips for artificial intelligence features.