Why Artificial Intelligence (AI) Stock Arm Holdings Slumped Today
Shares of Arm Holdings (NASDAQ: ARM) stumbling out of the gate on Monday and never recovered, falling as much as 6.9%. As of 2:16 p.m. ET, the stock was still down 4.9%.
The catalyst that sent the chipmaker and artificial intelligence (AI) specialist lower was the dour outlook of one Wall Street analyst.
Analysts at downgraded Arm to reduce (hold) while simultaneously increasing the firm's price target to $105, up from $100. If that logic strikes you contradictory, you're not alone. The analysts appear to have mixed feelings about Arm's future potential, which accounts for the disparity.
Source Fool.com
HSBC Holdings plc Stock
€8.00
-3.370%
The community is currently still undecided about HSBC Holdings plc with 1 Buy predictions and 0 Sell predictions.
With a current price of 8.0 € HSBC Holdings plc is right around the predicted target price of 8 €.
