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Arm Holdings stock fell about 8% on Monday as investors took profits following a rally and a sharp move in Intel, despite no company-specific news.
Yahoo Finance AI · April 28, 2026
AI Summary
- •Arm fell about 8% on Monday after jumping nearly 15% on Friday and climbing more than 50% from its April 7 low.
- •The pullback reflected a broader reset in AI and CPU stocks, as Arm has been a volatile beneficiary of the shift toward agentic AI (AI systems that make autonomous decisions), which is boosting demand for central processing units.
- •Arm trades at about 130 times adjusted earnings, but management expects annual revenue to reach $25 billion by 2031. The company will report earnings next Wednesday.
- •In March, Arm said it would design its own chip for the first time, marking a break from its long licensing model.
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