🔴 Arm Holdings is trading 10.67% down after third-quarter guidance offered limited upside

Arm Holdings is trading at $171.33 (-10.67%) after third-quarter revenue guidance came in only slightly above consensus, offering limited upside.

• Fiscal second-quarter revenue and adjusted earnings beat estimates.
• Royalty revenue grew 8%, below forecasts, as smartphone memory pricing weighed on that business.
• Semiconductor weakness also reflected concerns stricter data-center permitting could slow AI infrastructure investment; trading volume information was unavailable.