Arm Holdings Shares Sink Despite Huge Revenue Growth. Is This a Golden Opportunity to Buy the Stock?
Arm Holdings (NASDAQ: ARM) share price plunged despite the semiconductor company reporting robust revenue growth in the latest quarter. Investors were not happy with the company's guidance, as it just reiterated its full-year outlook while lowering its growth expectations for royalty revenue.
Despite the recent decline, the stock is still trading up nearly 51% this year. Despite that performance, it still trades down over 39% from an all-time high set in early July.
The question now is whether this recent drop presents a golden opportunity to buy the stock.
Source Fool.com