New venture to be backed by SoftBank. Arm Holdings (ARM -3.43%) shares slipped after the company reported its fiscal 2024 fourth-quarter earnings results on May 8. However, the stock later rallied after reports came out that the company was set to develop its own artificial intelligence (AI) chips. Let's take a look at Arm's most recent quarterly report (for the fiscal year ending March 31, 2024), long-term guidance, and how its plans to design its own AI chips could fuel growth. Strong first-quarter result ...