Why Arm Holdings Stock Popped on Wednesday
On reports that it has secured a new deal with a major company in the chip sector, Arm Holdings (NASDAQ: ARM) saw a leap in share price Wednesday. The U.K.-based semiconductor specialist's equity increased to close the day over 6% higher, crushing the 0.3% gain of the S 500 (SNPINDEX: ^GSPC) that trading session.
Reuters published an article stating that leading mobile chip company has elected to use Arm's current technology in its products. Citing unidentified "sources familiar with the matter," the news agency said that Qualcomm's recently introduced PC and smartphone chips will be packed with the ninth version of Arm's tech.
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Source Fool.com
Qualcomm Inc. Aktie
112,26 €
0,63 %
Qualcomm Inc. wird von der Community favorisiert: Deutlich mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 171 € für Qualcomm Inc. signalisiert eine potenzielle Steigerung von über 50% gegenüber dem aktuellen Kurs von 112.26 €.
