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Benzinga
Benzinga
Business
Anusuya Lahiri

Arm AI Ambitions Grow, But Analysts Warn Of Margin Trouble Ahead

Charles Shi James Schneider Kevin Cassidy Holdings Harlan Sur Goldman Sachs JPMorgan Rosenblatt SoftBank
Konskie,,Poland,-,November,12,,2024:,Arm,Holdings,Company,Logo

Arm Holdings (NASDAQ:ARM) underwhelmed with its latest quarterly results, prompting Wall Street analysts to revise their ratings on the chip designer.

The company reported fiscal first-quarter revenue of $1.053 billion, up 12% year-over-year. It missed analyst estimates of $1.055 billion.

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