Movement Alert|ARM Holdings Rises 3.4% in Pre-Market Trading, UBS Raises Target Price to $470 as Cloud Market Share Exceeds 50%

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On June 29, ARM Holdings rose 3.4% in pre-market trading, trading at approximately $345.07 per share, rebounding strongly from the previous session's roughly 3.87% decline. Multiple positive catalysts are driving the recovery.

On the news front, UBS significantly raised its price target on ARM from $260 to $470 while maintaining a Buy rating, citing growing demand for standalone CPU racks driven by agentic AI workloads. The bank highlighted ARM's expanding royalty revenue from leading-edge node applications. Additionally, ARM senior executive Mohamed Awad confirmed that ARM-based chip architecture now accounts for more than 50% of the hyperscale cloud computing market, with clients including Meta, Alphabet, Amazon, Microsoft, NVIDIA, and OpenAI.

The broader semiconductor sector is trending higher, with Micron Technology up 2.4%, Advanced Micro Devices up 2.0%, Intel up 1.54%, Broadcom up 1.53%, and NVIDIA up 1.36%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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