# The S&P 500 closed lower as chip stocks like Intel and Arm Holdings retreated.

*semiconductor · news · 2026-05-07 · The Economic Times*

## Key points

- Arm Holdings shares fell sharply due to concerns over securing AI chip supplies despite strong earnings.
- The PHLX chip index's quarterly gain was trimmed to about 46% after recent declines.
- The U.S. and Iran are considering a temporary agreement to halt their conflict but core issues remain unresolved.
- Whirlpool suspended its dividend after missing first-quarter sales estimates, leading to a slump in its stock price.
- Datadog, CrowdStrike, and Palo Alto Networks rose after Datadog raised its full-year earnings forecast.

**Companies:** Intel, Arm Holdings, Nvidia, Microsoft, Advanced Micro Devices, Datadog, CrowdStrike, Palo Alto Networks
**Countries:** United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-us-market-ends-lower-as-semiconductor-stocks-reverse-earlier-gains/articleshow/130922309.cms)

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