Arm Holdings stock more than doubles since February ahead of Q4 earnings on May 6

Arm Holdings plc is set to report its Q4 earnings on May 6, with expectations of 5.8% EPS growth to $0.58 and 18.5% revenue increase to $1.4 billion. Despite these modest forecasts, Arm's stock price has more than doubled since late February, driven by bullish options trading indicating investor optimism for further gains after the earnings release. The upcoming report could lead to some stock price correction after this strong rally.