ARM Surges 15% to $256.59 While Trading at 100x PE Versus NVDA at 25x

With NVIDIA guiding $20B in Vera CPU revenue next quarter, ARM's royalty capture of just 2-5% from that stream sits awkwardly against a multiple four times NVDA's own valuation. AMD adding 8% on the same session confirms broad semiconductor momentum, but the widening valuation gap makes the $300 breakout target a direc