Why Arm Holdings Stock Is Jumping Today

Arm Holdings (NASDAQ: ARM) stock is advancing in Tuesday's trading. The semiconductor company's share price was up 5% as of 3 p.m. ET, according to data from S&P Global Market Intelligence.

While there doesn't appear to be any business-specific news behind the gains, investors are feeling less worried about the company's prospects in China. Arm stock had seen big sell-offs late last week due to tense geopolitical dynamics between the U.S., China, and Taiwan, but investors are seeing some signs that are helping to ease concerns.

Delegates representing U.S. businesses took part in discussions with Chinese leaders yesterday. American tech representatives met with China's Vice Premier He Lifeng and Foreign Minister Wang Yi. Apple's chief operating officer, Jeff Williams, and Micron Technology's president, Sanjay Mehrotra, were among the tech representatives present at the meetings.

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Source Fool.com