We recently published a list of 10 Stocks Bolstered by Broader Market Cheer. In this article, we are going to take a look at where ARM Holdings Plc (NASDAQ:ARM) stands against other stocks that bolstered by broader market cheer.

The stock market bounced back from hefty losses on Wednesday, with all Wall Street indices finishing in the green territory after President Donald Trump announced that the US would pause the imposition of higher tariffs on 75 countries for 90 days.

In a post on Truth Social, Trump said that more than 75 countries have called to negotiate and have not retaliated in any way.

“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” he noted.

Following the announcement, the Dow Jones jumped by 7.87 percent, the S&P 500 surged by 9.52 percent, and the tech-heavy Nasdaq soared by 12.16 percent.

Indices aside, 10 companies led the charge, predominantly those with a high international trade exposure.

In this article, we listed Wednesday’s 10 best-performing stocks and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

ARM Holdings Plc (NASDAQ:ARM)

ARM Holdings soared by 24.20 percent on Wednesday to end at $106.59 apiece as investor sentiment was buoyed by President Donald Trump’s decision to pause from levying taxes on US imports for 90 days.

The move was beneficial for ARM, which designs and licenses intellectual properties (IP) for microprocessors and related technologies, as it would help provide short-term stability to the semiconductor market and smooth out any pricing pressures and operational challenges from the tariffs.

In other news, ARM was reportedly eyeing UK-based Alphaware for acquisition in a bid to secure a crucial technology for building its artificial intelligence processors but later axed the plan after initial discussions.

According to a report by Reuters, Alphawave, a supplier of semiconductor IPs, has been working with investment bankers to explore a sale after receiving an acquisition bid from ARM and other potential buyers.

Overall, ARM ranks 9th on our list of stocks that bolstered by broader market cheer. While we acknowledge the potential of ARM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ARM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.