Arm misses guidance, shares slump
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Arm forecast revenueReuters
•Technology
Technology
Chip tech provider Arm narrows full-year forecast, stock plunges
79% Informative
Arm shares slumped about 6% in extended trading after the report.
The chip technology provider's latest Armv9 technology is used in the chips that power Apple 's latest generation of iPhones .
CEO Rene Haas said the company's narrowed full-year guidance was the result of being close to the end of the fiscal year .
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