New York, January 17, 2026, 18:03 EST — Market closed.
On Friday, Arm Holdings Plc’s sponsored ADRs ticked up roughly 0.6% to close at $105.78.
U.S. stocks ended almost unchanged in a jittery session ahead of the long weekend, with chipmakers pushing higher once again, according to Reuters. “Markets have been flat-lining” as the earnings season kicks off, said Anthony Saglimbene, chief market strategist at Ameriprise Financial. Bruce Zaro of Granite Wealth Management described mid-January as “pretty choppy,” highlighting Friday’s monthly options expiration, when many derivatives contracts expire. The market will be closed Monday for the Martin Luther King Jr. holiday. Next week’s earnings calendar features Intel, the report noted. 1
The semiconductor sector had already picked up steam the day before, boosted by Taiwan Semiconductor Manufacturing’s earnings, which lifted the group; the Philadelphia SE Semiconductor index (.SOX) rose 1.8%, while Nvidia, Broadcom, and Applied Materials all saw gains, Reuters reported. “That’s been kind of squashed … with the news from Taiwan Semiconductor,” said Alan Lancz, president of Alan B. Lancz & Associates. 2
Arm, known for licensing chip designs and earning royalties on shipped products, frequently moves in line with the wider chip sector. Investors watch it closely as a barometer for how fast Arm-based designs are expanding beyond phones into PCs and data centers.
But the AI trade isn’t all uphill. Reuters Breakingviews columnist Robyn Mak noted that TSMC is ramping up its capital expenditure by as much as 37% this year, reaching $56 billion. She cautioned that following such a heavy outlay, a downturn could prove “painful and far-reaching.” 3
Arm’s next major event is its earnings report. The company will release third-quarter fiscal 2026 results on Feb. 4, after markets close, followed by a conference call at 5 p.m. ET. 4
This print will cast a sharper focus on licensing and royalty trends, as well as any shifts in guidance. Traders will be keen for updates on data-center demand, an area where Arm has been expanding beyond its traditional phone market.
The usual risk remains: if guidance disappoints or the chip rally loses steam, high-multiple stocks can drop sharply. The Nasdaq and chip indexes often dictate near-term sentiment for names like Arm.
Tuesday’s reopening following the Martin Luther King Jr. holiday presents the first real test. Beyond that, focus turns swiftly to Arm’s Feb. 4 report and the forecast it will provide.
