- Reuters
SHARES in Arm Holdings fell 11% on Wednesday after the chip provider gave a fiscal first-quarter forecast below Wall Street estimates and declined to give guidance for the full year, citing global trade and economic uncertainty.
Arm's fourth-quarter revenue slightly beat analysts' estimates, but it joined companies across the board in providing a cautious quarterly forecast. Sweeping global tariffs announced by U.S. President Donald Trump and tighter U.S. curbs on the export of advanced semiconductors to key chip market China have clouded the outlook for semiconductor firms.
