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What's happening with ARM?

I sold my shares last month, so the price went up. You're welcome.
Did I miss something? As far as I know, most of the company's revenue comes from royalties, but loyalty isn't a very lucrative business.
Revenue for 2023 is $2.6 billion, net profit of $632 million, and market capitalization of $168 billion.
It seems to be quite overvalued, and recent stock price increases are intriguing.
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皆さん こんにちは😃 くじらです。米国株に注目するようになり、有用な情報があればみんなにシェアします
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