Arm Holdings (ARM) shares are under pressure after its full-year revenue forecast missed Wall Street expectations. The chip firm did, however, beat analyst EPS and revenue expectations in its fiscal fourth quarter. Yahoo financial Tech Editor Dan Howley joins Morning Brief to break down Arm’s future in the chip race.
Arm is relatively new in the competitive chip space, having gone public in September 2023, bringing in a majority of its revenue as its tech is used in smartphones, automobiles, and across data centers. The firm largely remains a significant player for mobile device producers. As smartphone sales lag, Arm has seen weakening demand for its largest revenue stream.
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