ARM Holdings plc (NASDAQ: ARMH) made premarket gains in excess of 10% after long-time partner Microsoft (NASDAQ: MSFT) signed a license agreement to utilize the company’s ARM® architecture as a multifunction technology in their business. at 8:25 AM EDT, ARMH is up 10.56% to $1.52 on only 46 thousand shares volume (2.9 million average volume). With a 52-week range of $5.91 to $14.98, ARM is set to hit a 52-week high this morning as the microprocessor intellectual property continues its almost uninterrupted rise for the past two years.
ARMH’s ARM® Arcitecture is used in more that a billion mobile devices worldwide.
-Michael B. Sauter
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