Arm Stock Plunges. Is This a Buying Opportunity or a Warning Sign?
Arm plc(ARM) The Motley Fool·2024-08-06 17:10
Valuation concerns and disappointing guidance pushed the stock lower.Arm Holdings (ARM -2.64%) has been one of the top artificial intelligence (AI) stocks on the market since its initial public offering nearly a year ago, but shares of the chipmaker ran into a wall on Thursday. The stock fell despite beating estimates on the top and bottom lines.Investors sold the stock, which was priced for perfection coming into the report, on concerns that its guidance was weaker the expected. The company failed to raise ...