ARM stock rose 25%, extending the rally into a second week

Masayoshi Son, Chairman and CEO of SoftBank Group Corp.

Kiyoshi Ota | Bloomberg | Getty Images

Arm shares rose more than 24% on Monday, extending last week's rise as investors continued to praise the chipmaker's better-than-expected third-quarter earnings and its position in the artificial intelligence boom.

Arm is now up more than 90% since it reported its quarterly financials on February 8, although there was no clear catalyst for Monday's move. The stock is up 142% since Arm's initial public offering in September and is now worth about $148 billion.

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