ARM Holdings (NASDAQ: ARHM) shares are soaring today, gaining more than 8% on rumors the company could potentially be acquired.
It was mentioned earlier that either Intel (NASDAQ:
INTC) or Apple (NASDAQ:
AAPL) could potentially be an acquirer of the British technology company.
At last check, shares of ARMH were up $2.15 to $26.19, a gain of 8.94% on 6.6 million shares.
ARM Holdings plc and its subsidiaries design microprocessors, physical IP, and related technology and software, as well as sells development tools to enhance the performance of high-volume embedded applications.
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