Key facts
- Arm stock rose over 14% intraday following Nvidia's announcement.
- Nvidia unveiled two new Arm-based chips: RTX Spark AI PC and Vera data center processor.
- The RTX Spark is designed for premium Windows laptops and desktops, launching this fall.
- Nvidia's Vera data center processor is scheduled to ship in Q3 2026.
- Arm reported Q4 FY2026 revenue of $1.49 billion, a 20% year-over-year increase.
- Data center royalties for Arm more than doubled in the reported quarter.
Arm Holdings stock experienced a significant surge of over 14% intraday following Nvidia's announcement of two new chips built on Arm's architecture at Computex. The RTX Spark AI PC processor, co-designed with MediaTek, is slated for a fall launch targeting premium laptops and desktops. Additionally, Nvidia's Vera data center processor, also Arm-based, is expected to ship in Q3 2026. These developments contributed to Arm's strong Q4 FY2026 financial results, which showed a 20% year-over-year revenue increase to $1.49 billion, with data center royalties more than doubling. Mizuho analysts responded by raising their price target on Arm to $425.