Arm Holdings plc American is trading 9.3% down at $373.65 as investors lock in gains following a sharp multi-session AI-driven rally.
- The decline is attributed to widespread profit-taking across the semiconductor and AI sectors after recent significant momentum.
- Sentiment is further pressured by a Broadcom-led technology sell-off following its latest earnings report, which has weighed on the wider chip sector and high-momentum AI beneficiaries.