ARM Holdings plc shares are experiencing a decline following a recent legal development involving Qualcomm. On December 23, 2024, it was reported that a U.S. jury found Qualcomm did not breach its contract with Nuvia, a company acquired by Qualcomm. This verdict is seen as a setback for ARM, which had been in a legal dispute with Qualcomm over licensing issues related to Nuvia's technology. The outcome of this trial has likely influenced investor sentiment, contributing to the downward pressure on ARM's stock.
The current price of ARM Holdings is $127.93, reflecting a 3.19% decrease from the previous close of $132.15.