ARM is trading 2.12% down at $351.46 following a sharp two-day selloff in semiconductor and AI shares as investors rotate out of high-multiple tech names.
- The stock previously dropped 10.14% on June 23 and 2.00% on June 24 amid growing questions regarding the long-term durability of AI-related capital expenditures.
- Broader market pressure on Nasdaq futures and sector-wide caution are currently outweighing recent optimism in the semiconductor space.
- No company-specific catalyst was identified for today's move, indicating the decline is driven by a wider shift in market sentiment.