Movement Alert|ARM Holdings Falls 3.72% in Regular Trading, Multiple Institutions Cut Target Prices Amid Semiconductor Sector Selloff

Market Focus
Jul 24

On July 24, ARM Holdings fell 3.72% in regular trading, trading at 271.18 USD/share, with turnover of $164 million.

On the news front, Wells Fargo cut its target price on ARM from $410 to $350, following HSBC's downgrade to Hold and UBS's reduction from $470 to $360. The concentrated wave of sell-side downgrades continues to weigh on market sentiment and compress valuation multiples. ARM is scheduled to report earnings on July 29, with consensus expecting quarterly revenue of $1.262 billion, representing 19.44% year-over-year growth. The approaching earnings window has further amplified investor caution.

Within the Semiconductor sector, the broader selloff intensified downward pressure. Among individual stocks, SK hynix down 6.74%, Micron Technology down 5.58%, Intel down 3.86%, Advanced Micro Devices down 3.36%, NVIDIA down 1.02%.

(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.)

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