On June 24, ARM Holdings rose 3.22% in pre-market trading, trading at $379.4/share, with turnover of approximately $4.18 million. The stock gained momentum following bullish comments from SoftBank Group Chairman Masayoshi Son at the company's annual shareholders' meeting.

Son stated that Arm will evolve from a chip designer into a chip provider, directly participating in manufacturing. He predicted that the AI era will be CPU-centric and emphasized that Arm still has more than 10x growth potential from its current market capitalization. He also referenced SoftBank's approximately 300 billion yen investment in Intel, noting that despite initial criticism, the position has generated trillions of yen in unrealized gains at current market valuations.

The broader semiconductor sector showed strength in pre-market trading, with Micron Technology up 3.44%, Intel up 2.06%, Marvell Technology up 2.34%, Advanced Micro Devices up 1.47%, and NVIDIA up 0.59%.

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