Arm Reports Above-Expectation Revenue and Raises Fiscal Guidance
Arm reported quarterly revenue above expectations and increased its fiscal third-quarter guidance. Susquehanna's Mehdi Hosseini said AI and cloud sales more than offset smartphone weakness.
Arm's fast-growing sales in its artificial-intelligence and cloud businesses are more than enough to offset weakness in the group's smartphone sales, Susquehanna's Mehdi Hosseini says. The semiconductor company reported above-expectation quarterly revenue, and increased guidance for fiscal third-qu…