Arm Holdings shares fell 9.97% on October 30, 2026, to approximately $205.97, after Intel issued disappointing fourth-quarter guidance. Investor pessimism about artificial intelligence infrastructure weighed on the chip designer as it prepares to launch its first in-house processor, the Arm AGI CPU. Arm reported first-quarter fiscal 2026 revenue of $1.29 billion, up 22% year over year, while data-center royalties more than doubled. Reported demand for the AGI CPU is said to exceed $2 billion for fiscal years 2027-2028, but secured manufacturing capacity covers only about $1 billion. The stock has since traded between $197 and $206, compared with a 52-week high of $452.70, ahead of earnings scheduled for November 4, 2026, with options pricing in an implied move of about 10.5%.
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