Arm Holdings Sees 10.2% Increase After Earnings Report
Arm Holdings (NASDAQ: ARM) jumped 10.2% in stock price by 1:39 p.m. ET on Friday, following its fiscal third-quarter earnings report released on Wednesday night. The tech sector rebounded after a recent decline, and Amazon announced plans to invest $200 billion in capital expenditures for 2026, boosting demand for Arm-based chips.
Arm’s data center royalty revenue more than doubled year-over-year, showcasing growth despite prior concerns about weak smartphone sales due to a memory shortage. Current capital expenditures in the tech industry are projected to exceed $600 billion for this year, positioning Arm to benefit further as it increasingly develops power-efficient chips for emerging AI applications.
