Arm shares close more than 5% lower after revenue forecast
Arm forecast third-quarter revenue marginally above Wall Street estimates, disappointing investors hoping for a bigger payoff from AI data centre demand.
Arm Holdings Plc forecast third-quarter revenue marginally ahead of Wall Street estimates on Wednesday November 4, disappointing investors who had hoped its push into artificial intelligence (AI) data centres would deliver a bigger payoff.The company said in a statement that sales would be about $1…