Investors Prepare for Arm Holdings Stock as Lockup Expiration Looms
Monday, 11 March 2024, 16:23
Why Arm Holdings Stock Was Sliding Today
AI stocks pulled back as Arm's lockup expiration looms tomorrow. Shares of Arm Holdings (NASDAQ: ARM) were among several AI stocks that were pulling back as momentum in the high-flying sector fades following a blistering rally so far this year. Arm also faces a key test tomorrow as its post-IPO lockup period will expire, meaning that insiders will be able to sell Arm shares that had previously been off-limits.
Concerns in the Market
- Concerns about a potential bubble in AI stocks
- High-priced stocks in the sector are cooling off
Arm's Future
- Strong position in generative AI
- Low-power advantage in CPU architecture
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