ARM Holdings Up 2% (ARMH)

ARM Holdings ARMH is having a strong day, thanks in large part to Apple AAPL earnings, which reported earnings last night after the bell. The maker of ARM chips, which is used in everything from smart phones to tablets, is seeing a tremendous benefit in the explosion of consumer electronics. Apple, which reported that it sold 4.69 million iPads in the company's latest quarter, is helping reaffirm that sentiment. At last check, shares of ARM Holdings were up 57 cents to $30.90, a gain of 1.88% on 3.2 million shares. ARM Holdings plc designs microprocessors, physical intellectual property (IP), and related technology and software, as well as sells development tools to enhance the performance of high-volume embedded applications.