ARM is trading about 3.5% down at $353.55, continuing a period of volatility following a sharp two-day slide tied to a global AI and semiconductor rout.
- The stock initially bounced in pre-market trading after SoftBank founder Masayoshi Son highlighted the company's long-term growth potential.
- Profit-taking and lingering concerns over stretched AI chip valuations are maintaining pressure on shares despite a modestly positive broader market.