On June 23, ARM Holdings fell 9.53% in regular trading, trading at 383.625 USD/share, with turnover of $4.94 billion. The decline was driven by a confluence of an investment bank rating downgrade and broad-based semiconductor sector weakness triggered by hawkish Federal Reserve signals.

New Street Research downgraded ARM from Buy to Neutral with a target price of $375, below the stock's prior trading level of $444.71. The firm's revised target sits well above ARM's consensus mean target price of just $271.38, underscoring deepening market divergence over the company's premium valuation. Separately, the Federal Reserve maintained interest rates unchanged but delivered hawkish guidance, with half of policymakers projecting rate hikes within the year, putting significant pressure on high-multiple technology stocks.

Within the Semiconductors sector, the selloff was broad-based. Among individual stocks, Micron Technology down 11.61%, Marvell Technology down 8.52%, Intel down 6.47%, Advanced Micro Devices down 6.22%, and NVIDIA down 3.91%.

(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.)