Arm Shares Slip After Chip Designer Gives Tepid Annual Forecast
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Arm (ARM) Shares Slip After Chip Designer Gives Tepid Annual Forecast
Arm Holdings Plc shares slipped after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence spending spree is slowing.
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Chip designer Arm's shares drop after lackluster revenue guidance
Shares of Arm fell Thursday as lackluster revenue guidance from the firm clouded a positive sales quarter driven by AI demand.
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Arm Shares Fall After Company Gives Tepid Annual Forecast
(Bloomberg) -- Arm Holdings Plc shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence spending spree is slowing. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsFor fiscal...