Arm Holdings shares fall as licensing sales miss estimates

Shares of Arm Holdings fell on ⁠Wednesday as its licensing revenues fell short of Wall Street estimates, despite a push by the company to boost the segment with new chip technology designs.

Arm shares were down about 8% in after-hours trading.

The company earlier forecast fourth-quarter revenue above Wall Street estimates, driven by demand for ‌its energy-efficient chip designs ‌used in artificial intelligence applications from data centers to smartphones.