Arm's annual revenue forecast fails to impress investors; shares tumble

Arm's annual revenue forecast fails to impress investors; shares tumble

The Star Online - Tech·2024-05-09 08:01

(Reuters) -Arm Holdings gave a full-year revenue forecast on Wednesday that missed the expectations of investors who had sent the chip designer's shares soaring last September following its IPO on optimism around AI.

Shares of Arm fell about 7% in extended trading after the report.

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