On October 2, ARM Holdings rose 3.48% in pre-market trading, trading at approximately $302.17 per share, with turnover of $29.44 million.

On the news front, global memory leader Micron Technology reported blowout fourth fiscal quarter results, with revenue of $54.23 billion representing a 379% year-over-year surge and gross margins reaching 87%. Micron's CEO explicitly stated that memory supply-demand dynamics will tighten further over the next two years, formally confirming a storage chip pricing super cycle. The strong results drove broad-based strength across the semiconductor sector, with Intel up 2.51%, Advanced Micro Devices up 2.24%, NVIDIA up 2.04%, and Broadcom up 1.54%.

Additionally, Citi previously raised its CPU market size forecast significantly to $237 billion, with the fastest growth segment being next-generation server CPUs targeting Agentic AI. ARM has also announced a new computing platform for Agentic AI and an AGI CPU product line, reinforcing its medium-to-long-term growth thesis and continued market recognition.

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