Chip tech provider Arm narrows full-year forecast, stock plunges

February 6, 2025

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Chip tech provider Arm Holdings said on Wednesday it will no longer meet the top end of its previous full-year guidance, but slightly topped Wall Street’s current-quarter expectations. Arm shares slumped about 6% in extended trading after the report.

Since Arm went public in 2023, it has more than tripled its market value as investors bet it would see a significant share of the artificial intelligence boom that propelled Nvidia to become the world’s most valuable company. But Arm does not typically enjoy growth spurts in boom times because it makes…

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Chip tech provider Arm narrows full-year forecast, stock plunges

February 6, 2025

, By admin

Chip tech provider Arm Holdings said on Wednesday it will no longer meet the top end of its previous full-year guidance, but slightly topped Wall Street’s current-quarter expectations. Arm shares slumped about 6% in extended trading after the report.

Since Arm went public in 2023, it has more than tripled its market value as investors bet it would see a significant share of the artificial intelligence boom that propelled Nvidia to become the world’s most valuable company. But Arm does not typically enjoy growth spurts in boom times because it makes…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Byju’s missing $533 million, a businessman from Mangaluru and a Miami pancake shop

Next News

Deepika Padukone-backed wellness brand Nua raises Rs 35 crore

Hi! This is Admin.

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