Why Arm Stock Jumped Today
Arm Holdings (NASDAQ: ARM) stock posted significant gains in Friday's trading. The semiconductor specialist's share price ended the daily session up 4.6%, according to data from S&P Global Market Intelligence.
Reports emerged today that Arm is on track to detail its new strategy for the data center market when it reports quarterly earnings later this month. The stock may also be gaining grounds in conjunction with recent comments from another big player in the chip space.
After the market closes July 31, Arm will publish results for the first quarter of its current fiscal year -- a period which wrapped at the end of June. In addition to breaking down performance for the quarter, the company is expected to detail its strategy for expansion in the data center market.
Source Fool.com
