Arm Holdings shares rise 5.70% intraday on record Q3 revenues driven by AI and data center growth.

think> Okay, let's start by understanding the user's query. They want me to act as a professional financial analyst explaining Arm Holdings' stock price movement by linking it to relevant news events. The input includes the stock's intraday performance of a 5.7% increase and several news events. My task is to determine which news events are relevant, assess their impact, and write a concise summary in a Bloomberg/Reuters style. First, I need to confirm the stock's movement: it went up 5.7% intraday. The trading period is intraday, so the movement happened during regular trading hours. Now, looking at the news events provided, there are five reasons listed. I need to evaluate each to see if they are relevant and whether they contributed to the upward movement. Starting with Reason 1: The news mentions that Arm Holdings' stock jumped 5.7% as revenues broke records. The summary and content indicate that Q3 revenues surged 26% to $1.2B, driven by AI and other sectors. This seems directly related to the stock's rise. The article also mentions that the stock grew by 5.7% on Thursday following the revenue report. This is a strong positive factor. Reason 2: The title says the stock was climbing today. The content notes that the stock initially traded down after the earnings report but turned positive during regular trading. It mentions that Arm beat both revenue and earnings estimates. The key points here are the revenue growth (26% to $1.24B) and the beat on estimates. The stock ended up 4.7% by 11:49 AM. This aligns with the intraday movement, so this is another relevant positive event. Reason 3: This appears to be a duplicate of Reason 2, so I can ignore it as redundant. Reason 4: The title mentions a valuation check after record Q3 results but a softer revenue outlook. The content states that the stock had a volatile period with a 33.71% decline over 90 days and a 39.46% loss over a year. However, the latest results showed a revenue increase. The article also mentions a fair value estimate of $39.16, which is much lower than the current price, suggesting overvaluation. This could be a bearish factor, but the stock still rose intraday. However, this might not directly explain the recent 5.7% increase since the focus is more on past performance and valuation concerns rather than the immediate catalyst. Reason 5: The CEO downplays AI concerns, but the content is incomplete ("Enable JavaScript and cookies to continue"). So, not enough information here to determine relevance. Reason 6: This news is about Arm shares falling due to licensing sales missing estimates. However, the user's input states the stock moved up 5.7%, so this seems contradictory. But the user's instruction says to check if the news is relevant and if it aligns with the movement. Since this news is about a previous after-hours decline, it might not be the cause of the intraday rise. It could be a prior event that's not relevant to the current movement. Putting this together, the main positive drivers are the record revenues in Q3 (Reason 1 and 2), beating estimates, and the guidance for the next quarter. The intraday increase happened after the earnings report, which was released after hours. The stock initially dipped but then reversed in regular trading. The 5.7% increase in the intraday period aligns with the news of strong revenue growth and positive guidance. The other reasons either don't align with the upward movement or are less relevant. Now, I need to structure the summary. The example provided uses the format: Stock name, movement percentage, trading session, and the key news. I should mention the 26% revenue growth, the beat on estimates, and the guidance. Also, note that the stock initially dipped but then recovered during regular trading. The main cause is the strong Q3 results and positive guidance. The valuation concerns (Reason 4) and the prior after-hours decline (Reason 6) are not relevant to the intraday rise. I need to make sure the percentage is rounded to two decimals (5.70% becomes 5.70% but the instruction says to round to two decimal places and remove trailing zeros, so 5.70% becomes 5.7%). Wait, the input says to round 5.7006673% to two decimal places. So 5.7006673% becomes 5.70%, but the instruction says to remove trailing zeros. So if it's 5.70%, but trailing zero after decimal is allowed? Wait, the example shows 4.23% with two decimals. So the user wants two decimal places without trailing zeros if possible. But 5.