Why Arm Holdings Stock Sank Today
Shares of Arm Holdings (NASDAQ: ARM) were under pressure on Wednesday. The chip design company's stock lost 7.5% as of market close and was down as much as 8.1% earlier in the day. The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.1% and 2%, respectively.The key semiconductor player is facing a global antitrust challenge from one of its most important customers.Qualcomm launched a global antitrust campaign against Arm Holdings, filing complaints with competition authorities on three continents. The mobile chip giant has submitted confidential filings to the European Commission, U.S. Federal Trade Commission, and Korea Fair Trade Commission, alleging Arm has anticompetitive practices.Continue reading
Shares of Arm Holdings (NASDAQ: ARM) were under pressure on Wednesday. The chip design company's stock lost 7.5% as of market close and was down as much as 8.1% earlier in the day. The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.1% and 2%, respectively.
The key semiconductor player is facing a global antitrust challenge from one of its most important customers.
Qualcomm launched a global antitrust campaign against Arm Holdings, filing complaints with competition authorities on three continents. The mobile chip giant has submitted confidential filings to the European Commission, U.S. Federal Trade Commission, and Korea Fair Trade Commission, alleging Arm has anticompetitive practices.
