On August 13, ARM Holdings rose 3.64% in regular trading, trading at $282.85/share, with turnover of $166 million.
On the news front, the semiconductor sector extended its recovery trend, with Intel up 3.49%, Micron Technology up 2.55%, Advanced Micro Devices up 2.44%, and NVIDIA up 0.64%, as the majority of sector constituents strengthened. ARM had previously declined over 5% across consecutive sessions, primarily dragged down by Intel's announcement of a $15 billion share offering and Apple receiving an analyst downgrade, which pressured the broader semiconductor space. The current rebound exhibits oversold recovery characteristics.
On the fundamental side, ARM's fiscal Q1 earnings reported revenue of $1.289 billion, up 22% year-over-year and above the analyst consensus of $1.26 billion. Adjusted EPS came in at $0.45, beating expectations of $0.40. For fiscal Q2, the company guided revenue to approximately $1.38 billion with adjusted EPS of $0.47, both above consensus estimates, providing ongoing fundamental support for the stock's recovery.
(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.)