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Why Arm Holdings Stock Popped on Wednesday

TheMotleyFool 
0 0 01.10.25
Why Arm Holdings Stock Popped on WednesdayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png
 

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.

Image source: Getty Images.

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Source Fool.com

Qualcomm Inc. Stock

€144.44
0.800%
Qualcomm Inc. gained 0.800% compared to yesterday.
Our community is currently high on Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
With a target price of 174 € there is a positive potential of 20.47% for Qualcomm Inc. compared to the current price of 144.44 €.
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