Arm Shares Fall About 14% in Two Sessions Through Monday, Nov. 2
Photo: TokenPost
Arm Holdings shares fell about 14% over two sessions through Monday, Nov. 2, a steep move for a chip designer that has reported rising data-center royalties and demand for a new CPU. Arm closed Monday at $196.79, down 4.46% for the day. It closed Friday, Oct. 30, at $205.97, a 9.97% decline from Thursday, Oct. 29, when shares ended at $228.77. The latest decline extended Arm's fall during Friday's broader semiconductor selloff . Separately, Intel forecast fourth-quarter revenue of $15 billion to $16 billion on Thursday, Oct. 29, after reporting $16.5 billion in third-quarter revenue.
Source: TokenPost
