💨 Abstract

Arm Holdings forecasted revenue in line with Wall Street targets, leading to a 4.5% drop in shares due to disappointed expectations for AI-fueled growth. Arm's share price has more than doubled since its initial public offer due to investor optimism about AI computing. However, its forecast did not meet the expectations set by companies like AMD and Nvidia that directly design AI chips.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖