Arm Holdings plc (NASDAQ:ARM) experienced a massive sell-off, with shares falling 13.44% to $141.38 on Thursday. The company reported a 42% decline in net income to $130 million in the first quarter of fiscal year 2026, while total revenues increased by 12% to $1.05 billion. Looking ahead to the second quarter, Arm Holdings aims to achieve revenues between $1.01 billion to $1.11 billion. CEO Rene Haas highlighted the company’s strength in powering AI workloads. Despite ARM’s potential, some AI stocks may offer higher returns with lower risk. For more insights, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Arm Holdings (ARM) Drops 13% on Disappointing Q2