💨 Abstract

Arm Holdings shares fell 2% on Thursday, disappointing investors seeking a larger boost from the AI boom. Despite a doubling of the share price since its IPO, the British chip firm, which designs central processing unit blueprints, does not directly benefit from the AI data center silicon market. Arm's Q3 revenue forecast of $920-$970 million is in line with estimates, but investors hoped for more given the AI surge.

Courtesy: theprint.in

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