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ARM Holdings shares crashed over 11% on Thursday after the chip designer provided weak Q2 earnings guidance and hinted at developing its own processors.
Qualcomm has won a partial legal victory against Arm, allowing it to continue using its processors under existing licenses, but unresolved issues remain.
Arm reported better-than-expected revenue in Q2 2024, but issued a lukewarm guidance, sending its shares tumbling in the premarket.
The bulk of Wall Street giants initiated their coverage of Arm's stock with bullish price targets, mainly ranging from $60 to $70 per share.
US companies that launched IPOs in September bagged roughly $7.2 billion so far, paving the way for a potential IPO market boom in 2024.
Delivery service provider Instacart saw its share price tumble 18% since the Monday market debut.
Despite Arm's successful debut, experts believe the IPO market is still sluggish.
Shares of Arm fell in premarket trading Monday following a successful debut day that valued the company at over $65 billion.
Instacart could be valued at $10 billion at its IPO as the company seeks to raise its target price following Arm's hot debut.
Arm is set to stage its public debut on Thursday but the stock is unlikely to attract many ETF buyers due to strict inclusion rules of…
Instacart, Arm, and Klaviyo are set to go public through IPOs in September.
Arm’s optimistic valuation could mark the 3rd largest IPO launch.
With a potential market value of $60 billion, Arm's planned listing would make it the biggest IPO in 2023.