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Arm Holdings Plc (NASDAQ:ARM) dropped sharply Thursday as geopolitical fears rattled global markets, pulling semiconductor stocks lower despite supportive industry tailwinds.
The Nasdaq dropped 1.88%, while the S&P 500 declined 1.39%.
Geopolitical Friction Sparks Sector Sell-Off
Escalating conflict in the Middle East, particularly involving Iran, triggered a broad sell-off in semiconductor stocks. President Donald Trump’s remarks on Wednesday warning of potential military action pushed oil prices higher and pressured risk assets, including tech.
Major peers like Nvidia Corp. (NASDAQ:NVDA), Advanced Micro Devices Inc. (NASDAQ:AMD), and Intel Corp. (NASDAQ:INTC) also saw significant declines.
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