On August 24, ARM Holdings fell 3.25% in regular trading, trading at $234.5/share, with turnover of $189 million. The stock had already declined over 3% in pre-market trading, signaling sustained selling pressure throughout the session.
The decline came amid a broad technology sector selloff, with the State Street SPDR S&P Semiconductor ETF falling 1.1% pre-market and semiconductor stocks posting widespread losses. Within the sector, Micron Technology dropped 7.99%, Intel fell 4.98%, Advanced Micro Devices declined 4.57%, Taiwan Semiconductor Manufacturing slid 2.93%, and NVIDIA lost 2.56%. The Philadelphia Semiconductor Index components have seen persistent weakness in recent sessions, reflecting deepening investor concerns over the sector's near-term outlook amid elevated Treasury yields and sticky inflation fears that continue to pressure high-valuation technology names.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)