Why Arm Holdings Stock Was Sliding Today
Shares of Arm Holdings (NASDAQ: ARM) were falling today after the CPU architecture specialist posted solid results in its fiscal first-quarter earnings report, but only met analyst estimates. Meanwhile, its second-quarter guidance disappointed investors, and weak guidance can trigger a sell-off in a high-priced stock like Arm.
As a result, the stock was down 11.7% as of 10:54 a.m. ET.
Image source: Getty Images.
Source Fool.com
