Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Arm Holdings Stock Lost 5% on Tuesday

TheMotleyFool 
0 0 02.10.24
Why Arm Holdings Stock Lost 5% on TuesdayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png
 

Shares of Arm Holdings (NASDAQ: ARM) were heading lower on reports of disappointing early sales results from 's (NASDAQ: AAPL) iPhone 16, the new smartphone it just released that will include Apple Intelligence, its new artificial intelligence (AI) platform.

Arm makes roughly half of its royalty revenue from the iPhone, so it wasn't surprising to see the stock reacting poorly to the news.

Arm stock closed down 4.9%, while Apple lost 2.9%.

Continue reading


Source Fool.com

Apple Inc. Stock

€264.80
0.930%
The Apple Inc. stock is trending slightly upwards today, with an increase of €2.45 (0.930%) compared to yesterday's price.
Currently there is a rather positive sentiment for Apple Inc. with 74 Buy predictions and 7 Sell predictions.
With a target price of 280 € there is a slightly positive potential of 5.74% for Apple Inc. compared to the current price of 264.8 €.
Show more
Like: 0
ARM
Share

Comments

Not a member yet? Sign up for free!