Why Arm Holdings Stock Was Climbing Today
Shares of Arm Holdings (NASDAQ: ARM), best known as a designer of power-efficient CPUs, whipsawed following its earnings report after hours on Wednesday.
The stock actually traded down following the earnings report yesterday, and didn't move into positive territory until the regular trading session began today.
At a time when software stocks and much of the tech sector are getting pummeled, Investors didn't seem to know how to interpret Arm's results, as there was both good and bad news in the quarter, though the company did beat estimates.
Source Fool.com
