Arm: share price falls, analyst concerned about valuation
Shortly before 11:00 a.m., shares in the British group, which designs energy-efficient processors, dropped 4.5%, while the Nasdaq gained 0.2% at the same time.
In a research note, analysts at the independent research firm point out that the semiconductor specialist's share price has almost doubled since its last earnings release.
In their view, the stock now incorporates prospects for royalty payments and market share gains that will be difficult to achieve, leading them to downgrade their opinion to 'neutral'.
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