semiconductor / news / / The Economic Times
The S&P 500 closed lower as chip stocks like Intel and Arm Holdings retreated.
Arm Holdings shares fell sharply due to concerns over securing AI chip supplies despite strong earnings.
KEY POINTS
- 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
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