Arm Shares Drop 10.76% as AI-Linked Stocks Slide at U.S. Open

Arm Holdings shares fell 10.76% by 9:31 a.m. ET (14:31 UTC) Thursday, leading a broad opening decline in AI-linked stocks as the Nasdaq Composite lost 1.05%. The move came as U.S. trading opened, with the Dow higher and the S&P 500 slightly lower. At the open, Rockwell Automation was down 9.32%, Advanced Micro Devices (AMD) dropped 7.99%, Astera Labs fell 7.65% and Cognex declined 6.59%. Arm's drop was the largest among the five AI-linked companies listed, while each of the other four also posted losses of more than 6%.

Source: TokenPost