Arm CEO looks to set the record straight after the stock's post-earnings tumble

Arm CEO looks to set the record straight after the stock's post-earnings tumble

Arm chief Rene Haas said he was "confident" the company would be able to secure additional supply of its new CPUs.

Why did ARM stock wipe out its entire 13% after-hours gain overnight?

Arm Holdings (NASDAQ: ARM) delivered the kind of earnings report that sends a high-flying chip stock higher.The revenue beat estimates, profit beat estimates and demand for its new AI data-center chip looked strong.But in after-hours trading on Wednesday, the celebration turned into a sell-off.Arm stock jumped as much as 13% right after the numbers, then reversed hard after CEO Rene Haas said the company could only secure supply for half of the …