Arm Holdings plc American is trading 10.1% down at $370.12 as the stock faces profit-taking following a sharp multi-day AI-driven rally and broader semiconductor weakness.
- The decline follows disappointing earnings from Broadcom, which triggered a sell-off across technology and semiconductor names.
- Shares were viewed as vulnerable to a pullback after a significant surge in valuation driven by artificial intelligence optimism.
- Broader pressure on the Nasdaq and AI-chip peers has contributed to the downward momentum during the session.