Arm Slides After Giving Tepid Forecast in Inaugural Report
(Bloomberg) -- Arm Holdings Plc shares tumbled 8% after the company gave a disappointing sales forecast amid a slump in smartphone sales and uncertain timing for new licensing deals.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingIsrael Latest: Biden Says Gaza Hospital ‘Must Be Protected’China Weighs Ending Freeze on Boeing With 737 Max Deal in USStock Traders Sitting on Their Hands