Qualcomm and Arm stocks drop. The memory crunch is the problem.

Both stocks were falling as phone manufacturers scale back production plans.
CNBC

Arm shares drop on weak forecast

Arm beat on earnings and revenue but issued a disappointing forecast in its quarterly report on Wednesday. The chip designer said revenue this quarter will be between $1 billion and $1.1 billion. In ...
24/7 Wall St

Arm’s Soft Q2 Guidance Sinks Stock, But This News Is Even More Troubling

Arm Holdings‘ (ARM) turned in a solid fiscal first quarter, but weak Q2 guidance is triggering a 12% drop in ARM stock. Arm’s CEO revealed the chip designer would be striking out in a new direction, a ...
NBC Los Angeles

Arm shares drop on weak forecast

Arm shares dropped more than 8% in extended trading on Wednesday after the chip-design company issued weaker-than-expected guidance for the current quarter. Stream Los Angeles News for free, 24/7, ...