Shares of Arm Holdings (NASDAQ: ARM) are soaring Wednesday. The stock is up 14.5% as of 11:50 a.m. ET, gaining as much as 17.8% earlier in the day. The leap comes as the S&P 500 and the Nasdaq Composite gained 0.

Shares of Arm Holdings (NASDAQ:ARM) soared 14% today after CEO Rene Haas remarked on CNBC about its role in the massive AI 'Stargate' projects announced by President Trump and SoftBank (TYO:9984)'s commitment to its stake in the company.

Shares of Arm Holdings (NASDAQ: ARM) were gaining on a broader surge in the market and on artificial intelligence (AI)-specific news. First, stocks jumped in Trump's first full day in office, as he avoided enacting tariffs,

Arm Holdings (NASDAQ: ARM) surged higher on Wednesday. The company's stock was up 5% as of 11 a.m. ET and was up as much as 5.1% earlier in the day. The leg up comes as the S&P 500 gained 1.8% and the Nasdaq Composite gained 2.