Chip tech provider Arm narrows full-year forecast, stock plunges


FILE PHOTO: ARM CEO Rene Haas attends an event to pitch AI for businesses in Tokyo, Japan February 3, 2025. REUTERS/Kim Kyung-Hoon/File Photo

SAN FRANCISCO (Reuters) -Chip tech provider Arm Holdings said on Wednesday it will no longer meet the top end of its previous full-year guidance, but slightly topped Wall Street's current-quarter expectations.

Arm shares slumped about 6% in extended trading after the report.

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