ARM.BA is trading 5.3% down today at $19,820 as the AI semiconductor rally cools and investors lock in profits following a period of significant gains.
- The pullback follows a broader tech and chip-sector sell-off driven by concerns over stretched valuations and rising AI infrastructure costs.
- The decline comes despite SoftBank’s Masayoshi Son recently reiterating his view that Arm’s value could grow tenfold, a projection that had previously bolstered investor sentiment.