Arm Holdings is trading at $299.31, down 3.55%, as reports of OpenAI pausing work on some advanced AI models revived chip-demand concerns.
- Chip stocks, including Arm Holdings, fell about 3%; broader risk appetite weakened after President Trump rejected Iran’s proposal, lifting oil prices.
- U.S. futures were lower and tech shares faced pressure; no new company-specific announcement explaining the move was identified, a sharp pre-market reversal after Friday’s 1.30% gain.