Second-quarter adjusted earnings will be between 29 cents and 37 cents per share, Arm said late Wednesday. Wall Street had projected 35 cents per share. The concerning outlook was amplified by commentary from Arm CEO Rene Haas, who indicated the company is considering designing its own processors. Arm has made its name selling the architecture behind the chips powering devices made by the likes of Microsoft and Amazon. Shares of Arm Holdings plunged 12% on Thursday after the chip designer offered muted guid ...