Reported about 18 hours ago
Arm Holdings has revised its full-year revenue forecast downward, leading to a more than 6% drop in its stock after the announcement. While the company slightly exceeded Wall Street's expectations for the current quarter, investors were anticipating a brighter outlook due to expected growth in AI server chip designs. Arm's CEO stated that the adjustments reflect a clearer view of revenue projections as the fiscal year nears its end.
Source: YAHOO