Arm's Growth Faces Challenges Due to Chip Supply Issues
Arm Holdings reported a decline in pre-market trading due to a slowdown in the smartphone market caused by a memory chip shortage. Despite a positive outlook for AI data center growth, the company's CEO warned of potential negative unit growth in the smartphone sector. Arm's new CPU has strong customer demand and a significant market share in the cloud computing sector.
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Topics: AI data centers chip shortage company earnings market performance stock price movement