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
143,30 €
0,13 %
Leichtes Kaufinteresse bei Qualcomm Inc., mit mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Qualcomm Inc. ein Kursziel von 174 €, was eine Steigerung von über 20% gegenüber 143.3 € bedeuten würde.
