Arm Holdings shares fall 8% amid concerns over Qualcomm and OpenAI chip venture

16 articles · Updated · MarketWatch · Apr 27

Arm's stock ended Monday down 8%, its sharpest drop since October, after a seven-day rally and amid unconfirmed reports that Qualcomm is collaborating with OpenAI on smartphone chips.
Investor uncertainty centers on whether Arm will be involved in the new chip design, fueling a broader selloff among AI-focused semiconductor companies including Broadcom, Marvell, AMD, Lumentum, and Coherent.
Despite recent analyst upgrades and strong gains in March and April, some remain cautious about Arm's prospects due to potential memory chip shortages and questions about its diversification beyond smartphone processor design.

Is Arm's sky-high valuation simply too fragile for the volatile and rumor-driven AI hardware market?

With a global memory crisis crushing phone sales, can Arm's new data center chip save its growth?

Arm's new CPU profits from the data center boom that is hurting its core mobile partners. Is this a conflict of interest?

Is the open-source RISC-V architecture the real threat that could end Arm's dominance in mobile chips?

OpenAI may bypass Arm in phones while using its chips in data centers. What is their real hardware endgame?