On July 2, ARM Holdings declined 3.01% overnight, trading at $327.31 per share, with turnover of approximately $10.34 million.
On the news front, Meta reportedly plans to sell surplus AI computing resources, triggering a broad market reassessment of AI computing supply dynamics and related industry chain demand. The development raised concerns that excess capacity in AI infrastructure could weigh on future chip demand, pressuring semiconductor and storage stocks across the board.
Within the Semiconductor sector where ARM Holdings belongs, stocks declined broadly. Among individual stocks, Marvell Technology down 3.26%, Micron Technology down 3.21%, Intel down 1.85%, Advanced Micro Devices down 0.77%, NVIDIA down 0.43%.
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