Arm Holdings stock slips on HSBC downgrade

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Arm Holdings (ARM) stock is falling after receiving a downgrade from HSBC Securities. The firm lowered its rating on the tech stock to Reduce from Hold, noting the company's AI potential is less promising than previously thought. Despite the downgrade, HSBC analyst Frank Lee raised the price target for Arm to $105 from $100.

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This post was written by Angel Smith

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