Arm Holdings Plc premarket rises 2.16% due to chip trade tensions and ASML's earnings update.

Arm Holdings Plc experienced a premarket increase of 2.16% before the market opened, despite chip stocks globally falling due to concerns over tighter US curbs on sales to China. The US administration's potential restrictions on advanced semiconductor technology exports to China have caused a sell-off in the sector, with ASML Holding and other chipmakers seeing significant drops in their shares. Despite beating Q2 profit estimates, ASML's US-listed shares fell by around 8%. This negative news from the chip industry, particularly the trade tensions, has influenced Arm Holdings' premarket performance.