ARM Holdings Shares Slump as Analysts Growing Worried

Shares of ARM Holdings ARMH are down more than 3 percent Monday morning as sell-side analysts are showing some skepticism on the name. In addition to a downgrade from Hold to Reduce at Numis, an analyst at Bernstein also pointed at some concerns. Bernstein "can't stress enough" just how concerned it is by the Street's current expectations on ARM. The firm cited fears related to the future design for Intel's INTC x86. ARM shares on the NASDAQ last traded at $39.23.