Bearish
Arm Holdings' stock drops 6.36% to $239.05 amid AI chip supply concerns
In the past 24 hours, Arm Holdings' stock declined by 6.36%, closing at $239.05. This downturn is attributed to concerns over the company's ability to meet the growing demand for its new AI chips, as it has yet to secure sufficient manufacturing capacity beyond the initial $1 billion in orders.
Key points
- Arm Holdings' stock falls 6.36% to $239.05 amid AI chip supply concerns
- Analysts maintain a 'Moderate Buy' consensus with an average price target of $285.33
- Insiders sold approximately $41.1 million of stock over the past 90 days
Sources
AI-generated from public news sources. Not financial advice.
