Arm plc(ARM)
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Why Arm Stock Is Sinking Today
The Motley Fool· 2024-08-01 17:56
Arm beat Wall Street's quarterly targets -- so why is its stock crashing?Arm (ARM -16.08%) stock is getting hit hard in Thursday's trading. The semiconductor-specialist's share price was down 16.4% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence.After the market closed yesterday, Arm published better-than-expected results for the first quarter of its current fiscal year, which ended June 30. But expectations were sky high, and investors didn't see enough bullish indicators in the c ...
It's the End of an Era for Arm Holdings. Should Investors Be Worried?
The Motley Fool· 2024-08-01 12:55
Arm will stop reporting chip volumes, ending a long-standing practice.Shares of Arm Holdings (ARM 8.43%) were down in pre-market trading Thursday morning despite a first-quarter earnings report that beat analyst expectations. Revenue shot up 39% year over year in the period ended June 30, driven by multiple high-value license agreements and a 17% rise in royalty revenue. The company estimates that 28.6 billion Arm-based chips were shipped in fiscal 2024, spread across the smartphone, embedded, automotive, c ...
Watch These Arm Holdings Stock Price Levels Amid Post-Earnings Plunge
Investopedia· 2024-08-01 11:31
Key TakeawaysArm shares plunged ahead of Thursday’s opening bell after the British chip designer’s light profit guidance overshadowed quarterly results that came in above expectations.Monitor if bulls can successfully defend an uptrend line that stretches back to the October 2023 low. A successful hold of the indicator could see a resumption of the stock’s longer-term uptrend, while a breakdown may signal a change in trend direction.Upon a close below the uptrend line, Arm shares could find chart support at ...
Arm plc(ARM) - 2025 Q1 - Earnings Call Transcript
2024-08-01 00:02
Arm Holdings plc (NASDAQ:ARM) Q1 2025 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Jeff Kvaal - VP of IR Rene Haas - CEO Jason Child - CFO Conference Call Participants Vivek Arya - Bank of America Securities Lee Simpson - Morgan Stanley Matt Ramsay - TD Cowen Mark Lipacis - Evercore Mehdi Hosseini - Susquehanna International Group Vijay Rakesh - Mizuho Charles Shi - Needham & Company David O'Connor - BNP Paribas Andrew Gardiner - Citi Chris Caso - Wolfe Research Operator Good day a ...
Arm Holdings Stock Falls, Weighed Down by Earnings Guidance
Investopedia· 2024-07-31 22:11
Arm Holdings (ARM) shares gave back Wednesday's gains in after-hours trading, dropping even as the chip-design company reported fiscal first-quarter earnings that were higher than expected. The shares were recently down more than 12% after gaining more than 8% in the regular session. The shares have risen for much of 2024, climbing more than 90% this year. The chip-design company projected adjusted earnings per share between 23 cents and 27 cents for the current quarter, leaving unchanged its full-year rev ...
Chip designer Arm Holdings reports 39% surge in revenue but shares fall
The Guardian· 2024-07-31 21:07
Chip designer Arm Holdings on Wednesday reported a stronger-than-expected 39% surge in quarterly revenue, and forecast fiscal second-quarter sales broadly in line with Wall Street estimates, yet its shares fell about 9% in extended trading.For the current fiscal second quarter, Arm forecast revenue in a range between $780m and $830m, compared with an average analyst estimate of $804.1m, according to LSEG data.“We’re seeing more investment [in artificial intelligence] than we saw even 90 days ago,” the chief ...
Arm tops quarterly profit and sales forecasts, shares slump on guidance
Proactiveinvestors NA· 2024-07-31 20:42
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Arm Holdings: Is the AI Stock a Buy Heading into Earnings?
ZACKS· 2024-07-30 21:35
The artificial intelligence theme has gripped the market over the last year, with many scrambling for exposure. Many AI-related stocks have soared, but the tide has turned recently, with several of the stocks at the forefront of the trade losing steam lately.Interestingly enough, we’ll hear from one of the companies involved in the theme, Arm Holdings (ARM) , on July 31 after the market’s close. Arm constructs, develops, and licenses high-performance, low-cost, energy-efficient IP solutions for CPUs, GPUs, ...
3 AI Stocks to Sell Before You Regret It
Investor Place· 2024-07-30 10:48
As artificial intelligence (AI) continues transforming industries, the hype around AI stocks has reached feverish levels. Several AI stocks are now trading at sky-high valuations, increasing new investors’ downside risks.The global AI market is poised to reach $1.8 trillion by 2030, growing at a CAGR of 36.6%. Due to the robust expansion of the overall market, companies in the space are expected to grow at a high rate. However, despite their innovative prospects, several AI companies are grappling with fund ...
Watch These Arm Stock Price Levels as Selloff Accelerates After Downgrade
Investopedia· 2024-07-30 02:06
Key TakeawaysShares in chip design giant Arm Holdings tumbled more than 5% on Monday after receiving a downgrade from HSBC, accelerating their retreat from a record high earlier this month.Arm shares have retraced around 24% from their record close, though the move has occurred on relatively light trading volume, indicating the shares could be undergoing a pullback rather than a longer-term reversal.The stock may find support at key chart levels including $145, $117, and $79.A bars pattern that transport th ...