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Arm Holdings promoted into Nasdaq 100

Published 14/06/2024, 13:34
© Reuters.  Arm Holdings promoted into Nasdaq 100
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Proactive Investors - Arm Holdings PLC's (NASDAQ:ARM) elevation to ‘tech royalty’ was confirmed yesterday with the UK-based but US-listed chip designer being added to the Nasdaq 100 and a clutch of other indices.

The British semiconductor and software design will replace Sirius XM (NASDAQ:SIRI) in the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index.

Arm is also joining the Nasdaq-100 Tech Sector Index in recognition of its size and growing presence as tech titan,

At yesterday’s price of US$158, Arm is currently valued at around US$166 billion,

Japanese investment house Softbank owns the vast majority of the shares.

Read more on Proactive Investors UK

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