Arm’s Record Dive: AI Hype Cools Off?

Arm Holdings Suffers Record Stock Plunge Amidst Cooling AI Hype

In an unexpected turn of events, Arm Holdings PLC experienced its most significant daily stock decline since returning to the public market five months ago. On Tuesday, the company’s shares plummeted by over 19%, marking a historic low for the semiconductor giant. Despite this setback, Arm’s market capitalization remains impressive, positioning it alongside industry behemoths such as Boeing Co., Goldman Sachs Group Inc., United Parcel Service Inc., and AT&T Inc., all floating just above the $123 billion mark.