Arm Holdings PLC – ADR (NASDAQ:ARM) shares are down about 0.6% to $139.42 Thursday afternoon while there is a lack of company-specific news for the session. Despite this slight dip, shares have jumped 14% since Monday's open.

What's Going On: ARM stock gained on Monday as anticipation grows around the company's role in Apple Inc's (NASDAQ:AAPL) upcoming iPhone 16. Reports indicated that Apple will feature Arm's V9 architecture in the new A18 chip.

The Financial Times reported that the new iPhone will leverage Arm's advanced V9 architecture, which has been previously integrated into Apple's M4 MacBook chips. This architecture...