Arm shares tumble as downbeat revenue forecast clouds potential AI upside
- Arm Holdings shares slumped 16% in afternoon trading on Thursday, after the British chip firm's tepid revenue forecast sparked concerns it may have to wait longer than some peers to gain from the boom in AI technologies.
"The stock's premium valuation is likely to be pressured near-term given lack of upside drivers," said analysts at BofA Global Research, while maintaining a "buy" rating. Still, investors are hoping heavy investments in artificial intelligence by businesses materialize into higher sales for chip firms sooner than later.
Arm CEO Rene Haas said on the post-earnings call on Wednesday it may take several years - roughly four years for AI server chips - to realize the windfall from designs it licensed this year.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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