The stock market closed higher on Friday, driven by SpaceX’s highly anticipated public debut and growing optimism over a potential U.S.-Iran peace deal.
Overall, S&P 500 grew 0.5% to 7,431, while NASDAQ increased 0.3% to 25,889.
Chart of the Day
Here is the one-year chart of Arm (ARM) as of June 9, 2026, when the stock was at $336.
Arm, the industry leader in Intellectual Property (IP) for CPUs, reached an all-time high after earnings as investors reacted to stronger AI data center demand. Management stated demand for ARM’s recently launched AGI CPU had quickly doubled from $1 billion to $2 billion across fiscal 2027 and 2028, just weeks after it was first announced, with a forecast of $15 billion long-term.
This is why 2027 revenue estimates jumped from $7.1 billion to $8.0 billion, with Arm saying AI data centers may need over four times more CPU capacity and create a $100 billion-plus market by 2030.
ARM is part of the Growth Portfolio.
