SoftBank Group's shares dropped over 11%, leading a widespread selloff in Asian technology stocks due to concerns about rising costs for AI infrastructure. The decline followed a fourth consecutive drop in the Nasdaq Composite, with Apple and Microsoft also falling after announcing price hikes. SoftBank's chip designer Arm Holdings underperformed despite a rebound in AI stocks, facing competition and uncertainty as OpenAI may delay its IPO. The weakness extended to Asia's semiconductor sector, impacting major companies like SK Hynix, Samsung, and Tokyo Electron, signaling broader pressure on tech margins from rising semiconductor prices.
Arm's stock, after a volatile year with a 228.5% gain YTD, currently trades at $347.57 with a buy rating and a 12-month price target of $382.24, implying nearly 10% upside. The company reported strong Q4 FY2026 revenue growth of 20% and a surge in fr...
Arm Holdings and AMD both posted strong earnings driven by AI demand in data centers. Arm's Q4 FY2026 revenue rose 20.1% to $1.49B, boosted by a 29% jump in license revenue and doubling of data center royalties, with its AGI CPU demand exceeding expe...
Arm Holdings is expanding from licensing chip designs to selling complete processors, aiming to capitalize on the growing importance of CPUs in AI infrastructure. SoftBank CEO Masayoshi Son predicts Arm's market value could increase tenfold to $4 tri...
Arm Holdings stock fell 10% to around $367, pulled down by a broad chip and AI sector selloff rather than company-specific issues. Despite the drop, the stock remains up 235% in 2026, reflecting strong demand driven by its agentic AI products and rec...
US stock futures indicate a steep decline with Nasdaq 100 expected to fall about 2.8%, driven by a deepening sell-off in technology shares worldwide. Major tech companies like Alphabet, Amazon, and Meta saw significant losses, while Asian and Europea...
