💨 Abstract

Arm Holdings has revised its full-year revenue guidance downward but slightly surpassed Wall Street's expectations for the fourth quarter. The UK chip designer's shares dropped 6% in extended trading. Despite tripling its market value since its 2023 IPO, Arm's profit growth is indirect as it raises licensing fees and royalties for its technology used in chips sold by other companies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖