Arm shares fall 36% in a month despite 80% gain this year
The gist
UK chip designer Arm's stock closed at $196.79 on Nov 2, down 36% in a month but up 80% this year.
Its royalty revenue now beats licensing, so watch Q2 earnings and the Qualcomm dispute.
How it unfolded
- May 28, 2026Arm stock had soared more than 210% since the start of 2026; Mizuho raised its price target to $360 from $290 with an outperform rating, and shares closed at $302.71.
- Sep 28, 2026Shares fell 7.6% to $286.79 as the company outlined its role in Nvidia's new agent security platform.
- Oct 9, 2026Arm traded at $266.01, up 143% year to date, after royalty revenue hit $715 million and overtook licensing for the first time.