Arm Shares Rise 6% Pre-Market After Qualcomm Raises Long-Term Revenue Targets

Arm, a supplier to Qualcomm, rose 6% in U.S. pre-market trading after Qualcomm raised its long-term revenue targets for its data center and non-handset businesses. According to Jin10, the move followed Qualcomm’s update to its longer-term goals for revenue growth outside smartphones, including data center-related operations.