Arm StocksJump 5% as Analysts Downplay Smartphone Demand Issues

TLDR Arm stock rose 5% following fiscal third-quarter results that surpassed analyst expectations. The company reported strong royalty revenue driven by high-end smartphone chips. Analysts believe concerns over slowing smartphone demand may be overstated. Arm’s licensing revenue came in below expectations, raising concerns about future growth. Jefferies maintained a Buy rating on Arm, lowering its [...]

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