From Nasdaq: 2024-08-02 16:40:35

Arm Holdings (NASDAQ: ARM) stock saw a 6.6% decline Friday, following macroeconomic concerns and negative analyst coverage. Arm’s share price, down 39% from its peak this year, is still up 51% YTD. Intel’s disappointing quarter, with missed sales targets and layoffs, cast a shadow over the chip industry and AI market.

Weak job growth data in the U.S. and rising skepticism about AI’s potential are adding to the bearish sentiment. Elliot Management has warned of tech stock bubbles and doubts about AI’s readiness and cost-effectiveness. Economic uncertainty could prompt the Fed to cut interest rates, raising recession fears.

The Motley Fool Stock Advisor team didn’t include Arm Holdings in their list of top 10 stocks, known for generating substantial returns. Their expert advice has outperformed the S&P 500 since 2002. Nvidia, a top performer, shows the potential for high returns with careful investment. Investors are advised to review the recommended stocks for long-term growth.



Read more at Nasdaq: Why Arm Holdings Stock Sank Again Today