Arm Shares Slip After Chip Designer Gives Tepid Annual Forecast

Arm Holdings Plc's shares fell after providing a lukewarm revenue forecast for fiscal 2025, projecting revenues between $3.8 billion to $4.1 billion, and profits between $1.45 to $1.65 per share. This forecast fell short of analysts' expectations, sparking concerns about slowing AI spending in the tech industry.