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Arm Holdings shares fall 13% on Thursday as royalty revenue growth slows

The Motley Fool +1 · ·by G4L

ARM Arm Holdings Plc ADR
$186.30 +6.69%
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  1. 1Arm shares fell 13% on Thursday.
  2. 2Arm's 8% royalty revenue growth in the second fiscal quarter was impacted by weakness in the smartphone market.
  3. 3Arm expects $15 billion in annual revenue from Arm AGI CPUs through fiscal year 2031.

So what's the key point?

Arm Holdings shares dropped 13% as royalty revenue growth slowed to 8%. This was due to a weak smartphone market.

Source The Motley Fool +1 · View original ↗

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