Why Is Arm Holdings (ARM) Stock Up 30% Today?

The semiconductor sector is seeing a bifurcation building in today’s session. Leading the pack today is Arm Holdings (NASDAQ:ARM), with ARM stock surging 30% in afternoon trading. This move has dwarfed that of rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), which were actually in red at the time of writing. Interestingly, ARM is moving on very heavy volume (more than 10 times the stock’s average daily volume) today. This high-volume move appears to be related to last week’s earnings rep ...