🔴 Arm Holdings is trading 6.15% down today after weak smartphone royalty forecast

Arm Holdings is trading 6.15% down at $211.07 following its latest quarterly update, primarily pressured by a weak smartphone royalty forecast.

• The company reported first-quarter revenue of $1.29 billion and adjusted EPS of $0.45, both of which exceeded analyst expectations.
• Sentiment is further weighed down by a cautious tech environment, driven by higher yields and broader market risk aversion.