Why Arm Holdings Stock Was Sliding Today
Shares of Arm Holdings (NASDAQ: ARM) whipsawed last night on the chip design company's fourth-quarter earnings report.
The stock initially popped after the results came out as Arm beat estimates on the top and bottom lines, and showed off strong growth in the data center, echoing reports from peers like Intel and .
However, the stock turned negative during the earnings call as the company called out supply chain risks for its new Arm AGI CPU chip, which marks the first time the company is selling its own silicon, rather than collecting revenue from licensing and royalties on its designs.
Source Fool.com
Intel Corp. Stock
€87.92
1.590%
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 70 € is below the current price of 87.92 € for Intel Corp., so the potential is actually -20.38%.
