On August 12, ARM Holdings rose 3.75% in regular trading, trading at $277.38/share, with turnover of $73.64 million. The semiconductor sector saw broad-based gains, with the rally lifting ARM from a two-session cumulative decline exceeding 5%.
On the news front, the semiconductor sector rebounded broadly, with Micron Technology up 4.92%, Intel up 4.95%, Marvell Technology up 6.3%, Advanced Micro Devices up 2.76%, and NVIDIA up 1.63%. ARM's prior weakness was primarily attributed to Intel's $15 billion share offering plan and Apple receiving a downgrade from an investment bank, which pressured the broader chip sector.
On fundamentals, ARM's previously reported fiscal Q1 results showed revenue rising 22% year-over-year to $1.289 billion, beating the analyst consensus of $1.26 billion. Adjusted EPS came in at $0.45, surpassing the $0.40 estimate by 12.5%. The company guided Q2 revenue to approximately $1.38 billion, also above the $1.34 billion consensus, providing underlying support for the rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)