Semi-correction! Chip designer Arm's shares are down 10% despite its record result released after market close yesterday. It's a reminder that AI hype has a downside. My take for @Breakingviews: https://t.co/mlQEWwwUK1
Semi-correction: Chip designer Arm's shares are seen down 10% after its record result was released after market close yesterday. It's a reminder that AI hype has a downside. My take for @Breakingviews: https://t.co/6sgM8UxszA
This comes after it was earlier reported that #OpenAI is developing a web search feature that could put the company into direct competition with #Google Search. https://t.co/FAiD4qS3fm










Arm, a chip designer, experiences a significant drop in shares, down 10%, after disappointing revenue guidance despite the AI boom. OpenAI is developing a web search service to compete with Google and Perplexity, poaching staff from Google.