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Warren Buffett's never been a big fan of technology stocks. He says they're too difficult to understand and often vulnerable to change.
Arm Holdings (ARM -2.68%) felt something like an unwanted limb over the past few days, largely because of an earnings report that struck the wrong chord with more than a few investors. Several analyst price target cuts only highlighted this disappointment.
Arm CEO Rene Haas discusses where the company is headed on 'The Claman Countdown.' #foxbusiness #claman #stocks #computing
Arm CEO Rene Haas says the company has invested more aggressively than anticipated. Haas discusses how that investment impacted the chip designer's second-quarter earnings with Ed Ludlow on "Bloomberg Tech.
Key Points in This Article: Arm Holdings‘ (ARM) turned in a solid fiscal first quarter, but weak Q2 guidance is triggering a 12% drop in ARM stock.
U.S.-listed shares of Arm Holdings (ARM) fell sharply Thursday, a day after the British chip and software design firm issued a disappointing current-quarter profit projection.
Arm shares plunged after the chip designer offered a muted profit forecast for the fiscal second quarter. CEO Rene Haas indicated the company plans to invest in its own chip development.
Arm Holdings PLC (NASDAQ:ARM) shares tumbled more than 12% as its second quarter profit outlook disappointed, drawing focus from in-line Q1 earnings. For Q2, the processor designer projected earnings per share (EPS) between $0.29 and $0.37, at the midpoint below analyst expectations of $0.35.
Arm Holdings shares dropped 12% on Thursday after the chip architecture giant issued fiscal second-quarter guidance that fell short of investor expectations. The UK-based company forecast adjusted earnings per share between 29 cents and 37 cents, with the midpoint slightly below the 36 cents per share estimate compiled by LSEG.
The British semiconductor and software design firm ARM (NASDAQ:ARM) has performed well this year, with its stock increasing by approximately 28% since the beginning of January. This growth is attributed to the company's chipset designs making headway against established x86-based competitors Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC).