Arm Gives Muted Forecast, Spurring Concerns of AI Slowdown
- Report follows disappointing outlook from chipmaker AMD
- Investors have been watching for signs of shakiness in AI
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Arm Holdings Plc gave a cautious revenue forecast for the current period, adding to recent concern that spending on artificial intelligence computing is slowing.
Revenue will be $1.18 billion to $1.28 billion in the fiscal fourth quarter, which runs through March, the chip designer said in a statement Wednesday. Though that was up from a prior forecast — and in line with the average Wall Street estimate — some analysts were predicting as much as $1.33 billion.