Chip designer Arm's shares drop after lackluster revenue guidance
Publishing timestamp: 2024-05-09 16:00:27
Summary
Arm reported strong fourth-quarter revenue growth, driven by demand for AI applications. However, investors were unimpressed with the company's revenue guidance for fiscal 2025. Analysts remain positive on Arm's licensing business and future royalty growth potential.
Sentiment: MIXED
Tickers: NVDA, ARM, QCOM, CTRN,
Keywords: citi trends inc, technology, arm holdings plc, nvidia corp, qualcomm inc, breaking news: technology, business news, earnings,
Source: https://www.cnbc.com/2024/05/09/arm-stock-down-8percent-after-disappointing-sales-guidance.html