Japan’s Nikkei retreated from a record high after SoftBank Group fell 4.56%, dragging broader sentiment. The move followed a sharp overnight drop in US-listed Arm Holdings, tied to concerns about weaker smartphone demand and potential AI chip supply constraints. Investors are now watching whether the shock is temporary or signals a wider slowdown in tech spending.
Arm Holdings rallied after reporting strong quarterly earnings and delivering upbeat guidance that signaled accelerating demand for its AI-focused chip designs. The company also pointed to momentum in next-generation data center CPU platforms, helping fuel renewed investor confidence. The move underscores how fast AI infrastructure demand is translating into measurable results for key semiconductor IP providers.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
