On August 12, ARM Holdings rose 3.13% in pre-market trading, trading at 277.21 USD/share, with turnover of $12.94 million. The move was driven by a broad pre-market rally across the semiconductor sector, lifting the stock after a cumulative decline of over 5% over the prior two trading sessions.

The semiconductor sector saw widespread gains, with Micron Technology up 3.71%, Broadcom up 2.08%, Intel up 1.99%, Advanced Micro Devices up 1.76%, and NVIDIA up 1.36%. The prior selloff was primarily attributed to Intel announcing a $15 billion share offering plan and Apple receiving a downgrade from an investment bank, which pressured the broader chip sector.

On fundamentals, ARM's fiscal Q1 results reported on July 29 showed revenue rising 22% year-over-year to $1.289 billion, beating the analyst consensus of $1.26 billion, while adjusted EPS of $0.45 exceeded the $0.40 estimate by 12.5%. The company guided fiscal Q2 revenue to approximately $1.38 billion, above FactSet estimates of $1.34 billion, providing underlying support for the rebound.

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