Semiconductor Stock Surges After Quarterly Win

Arm Holdings (NASDAQ:ARM) reported better-than-expected results for the fiscal second quarter. The semiconductor stock was last seen reversing this morning's losses, up 5.9% to trade at $153.21, after attracting no fewer than three price-target hikes, including one from TD Cowen to$165 from $150.ARM has relied on support from the$135 region as well as the 160-day moving average since September. While the security's October rally fell short of the $165 rally -- which is still a ways away from its July 9, r ...