Why Arm Holdings Stock Was Moving Higher Today
ARMArm plc(ARM) The Motley Fool·2024-11-08 04:43

Arm delivered solid results in its fiscal second-quarter report.Shares of Arm Holdings (ARM 4.48%) were moving higher after the chip-design company posted better-than-expected results for the fiscal second quarter and reaffirmed its guidance for the full year.As of 2:25 p.m. ET, the stock was up 4.1% on the news. Artificial intelligence demand continues to growArm's growth decelerated from the fiscal first quarter, but that was expected as it rolled off a large licensing deal from the quarter a year ago.In ...