Arm Holdings Forecast Falls Short, Stock Drops 9%; AI Investors Panicking
San Francisco, CA – Arm Holdings, a chip designer, disappointed investors with its full-year revenue forecast, causing a 9% drop in shares. The company exceeded expectations for the March quarter but uncertainties surrounding the growth of artificial-intelligence computing contributed to the lower guidance. Analyst Kinngai Chan of Summit Insights noted that the market had priced Arm for outperformance, highlighting the discrepancy between investor optimism and actual results. Following Arm’s report, other AI chipmakers like Nvidia …