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Hedge fund manager Sir Paul Marshall, who lost a legal battle with the South African government over shipwrecked treasure, discusses topics like Singapore's stock market shake-up, EU using €3bn for Ukraine weapons, Arm's revenue dip, and Canada's pipeline expansion impact on the oil industry.
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- Arm's lower revenue projections raise concerns about tech companies reducing AI software spending.
- Singapore aims to improve its stock market by attracting more liquidity and investment from pension and sovereign funds.
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UK Chip Designer Arm Faces Revenue Projection Concerns
Arm, the UK chip designer, released lower revenue estimates than expected, predicting revenues between $3.8 billion and $4.1 billion for the year. This announcement raised concerns among investors about tech companies reducing spending on AI software, leading to an 8% drop in Arm shares during after-hours trading.
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