** U.S.-listed shares of British chip designer Arm Holdings
up 0.6% at $158.99 premarket
** Stock is hovering below record high of $164 hit on Feb. 12
** Exchange operator Nasdaq says Arm will become a component of the Nasdaq 100 and other indexes prior to market open on June 24
** Arm will replace Sirius XM Holdings in the indexes; Sirius shares fall 2.4%
** Driven by AI frenzy, ARM stock up 110% YTD; Philadelphia Semiconductor index is up 34.2% YTD
(Reporting by Sruthi Shankar in Bengaluru)
((sruthi.shankar@thomsonreuters.com;))
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