On July 22, ARM Holdings fell 3.01% in pre-market trading, trading at 280.85 USD/share, with turnover of $7.63 million.

On the news front, Wells Fargo cut ARM's target price from $410 to $350, marking the latest in a series of institutional valuation downgrades following HSBC's rating downgrade and UBS's target price reduction from $470 to $360. Despite these cuts, both UBS and Wells Fargo maintain positive long-term outlooks on the stock.

The broader semiconductor sector is under systemic selling pressure, with Micron Technology down 4.18%, Intel down 3.59%, AMD down 2.50%, Taiwan Semiconductor down 2.47%, and NVIDIA down 1.14%, collectively dragging ARM lower and erasing gains from the prior session's 6.08% rally. ARM is scheduled to report quarterly earnings on July 29, with consensus revenue expectations of $1.262 billion, representing 19.44% year-over-year growth.

(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.)