Arm Holdings plc American is trading 6.0% up in pre-market at $403.80 as tech benchmarks rally on a tentative U.S.–Iran peace deal and easing energy fears.
- The reopening of the Strait of Hormuz has reduced global macro concerns, extending last week’s sharp AI-driven gains for the stock.
- The rally reflects a broad risk-on sentiment for high-growth semiconductor and AI names rather than new, company-specific news.