Bloomberg Daybreak: Asia Edition
Arm Holdings Reports, Previewing China's April Trade Data
May 9, 2024
Bloomberg Daybreak: Asia Edition features Kunjan Sobhani discussing Arm's revenue forecast and AI impact. Eric Zhu previews China's trade data, expecting positive growth in exports and imports. Julia Wang shares market outlook with insights on global equity markets and China-Japan trade relations.
21:26
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Quick takeaways
- ARM's revenue forecast impacted by market trends beyond AI, but long-term growth potential intact.
- ARM's crucial role in software instruction licensing for chips offers market dominance and resilience during industry shifts.
Deep dives
ARM's Revenue Forecast and Market Reaction
ARM's stock fell around 8% after giving a lukewarm revenue forecast, raising concerns about slowing AI spending. However, this was not solely AI-related but driven by market trends affecting semiconductor companies. ARM's long-term growth story remains intact, especially due to their strong position in premium smartphones and increasing royalties from their V9 architecture.
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