ARM Holdings Soaring On Reports Apple May Choose ARM Chips (ARMH, AAPL, INTC)

Shares of ARM Holdings, plc ARMH are up well over 6% today, on a report that Apple AAPL may choose ARM chips to go into its MacBooks, which currently run Intel INTC processors. At last check, shares of ARMH were up $1.88 to $29.39, a gain of 6.8% on 7.7 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.