Reported 2 months ago
Arm Holdings saw its shares drop 16% after announcing a lackluster revenue forecast, raising concerns about its ability to capitalize on the AI technology boom. The company expects revenue between $780 million and $830 million for the upcoming quarter, falling short of analysts' expectations. Despite the dip, analysts maintain a majority 'buy' rating, citing strong growth in previous quarters and hopes that investments in artificial intelligence will eventually lead to higher sales.
Source: YAHOO