On April 28, ARM Holdings fell 8.63% intraday, trading at $199.41 USD/share, with trading volume of approximately $304 million. The decline marks a second consecutive session of heavy losses following the Philadelphia Semiconductor Index ending its historic 18-day winning streak.
The selloff was driven by two key catalysts. First, prominent analyst Ming-Chi Kuo reported that Qualcomm is collaborating with OpenAI to develop dedicated smartphone processors, raising investor concerns that the new chip may bypass or minimize ARM architecture involvement. Given that Qualcomm is one of ARM's core licensing clients, any major collaboration that circumvents ARM's IP threatens its future royalty revenue stream. Second, the decline is widely viewed as profit-taking after ARM surged over 50% in three weeks fueled by AI optimism and Intel's blowout Q1 earnings.
Within the Semiconductors sector, broad weakness persists. Among individual stocks, NVIDIA down 3.43%, Advanced Micro Devices down 5.6%, Micron Technology down 4.83%, Intel down 3.78%, Broadcom down 4.54%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
