On July 2, ARM Holdings rose 3.21% in regular trading, trading at 358.48 USD/share, with turnover of $358 million, staging a strong rebound from pre-market losses.

On the news front, ARM executives publicly stated that the company's chip architecture now accounts for over 50% of the hyperscale cloud computing market, with clients including Meta, Google, Amazon, Microsoft, and NVIDIA. Additionally, UBS recently raised ARM's price target significantly from $260 to $470, maintaining a Buy rating. The core thesis centers on agentic AI accelerating demand for standalone CPU racks, with ARM's royalty revenues expected to continue increasing at head-node applications.

The broader semiconductor sector also recovered, with Micron Technology up 2.66%, Intel up 2.46%, NVIDIA up 1.18%, Advanced Micro Devices up 0.93%, and Marvell Technology up 0.42%.

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