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Arm's Q1 revenue hits $1.29 billion, exceeding expectations, with a 22% YoY increase in patent royalty revenue
1 day ago /
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Author：小编
Chip design giant Arm released its latest financial results on July 29. Despite strong demand in the AI sector and the company's Q2 revenue guidance surpassing expectations, its stock price still dropped nearly 7% in after-hours trading. The company expects Q2 revenue to reach approximately $1.38 billion, higher than analysts' expectations of $1.35 billion. Although the data center business has seen significant growth, cautious market sentiment toward the chip industry's outlook has led to the stock price weakness.
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