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Asia

US Stock Market: Arm Holdings tops Q2 forecasts on AI demand, shares fall on royalty growth concerns

Markets-Economic Times · 1h ago · 🇮🇳 India

US Stock Market: Arm Holdings tops Q2 forecasts on AI demand, shares fall on royalty growth concerns

Arm Holdings beat quarterly revenue and earnings estimates and issued a stronger-than-expected revenue forecast, supported by robust demand for AI infrastructure and data centre chips. However, the stock fell nearly 7% in after-hours trading after the company warned of softer smartphone royalty growth, overshadowing optimism around its expanding AI business.

Read the full story at Markets-Economic Times →

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