Why Arm Holdings Stock Surged Higher Today

Arm Holdings (ARM 5.59%) surged higher on Wednesday. The company's stock was up 5% as of 11 a.m. ET and was up as much as 5.1% earlier in the day. The leg up comes as the S&P 500 gained 1.8% and the Nasdaq Composite gained 2.4% as of the time of writing.Arm is seeing positive movement thanks to the revelation that it is developing a strategy to raise prices and boost revenue significantly. The company, which specializes in licensing its critical intellectual property (IP) to chipmakers, is also considering ...