Arm Cuts Losses After Report Says CEO Rene Haas Was Approached in Nvidia CEO Search
JH Kim
Summary
- Arm Holdings shares cut their losses after a report said Rene Haas had been approached as a candidate for the Nvidia CEO role.
- The Financial Times said Nvidia had contacted Arm CEO Rene Haas as part of its search for its next CEO.
- After the report, Arm Holdings shares recovered part of their decline but still traded 5% lower than the previous session.
Forecast Trend Report by Period
Arm Holdings shares pared earlier losses after a report said Chief Executive Officer Rene Haas had been approached in Nvidia Corp.'s search for its next CEO.
The Financial Times reported on November 13 that Nvidia had contacted Haas as part of its search for a new chief executive.
Following the report, Arm shares recouped part of their earlier decline.
The stock remained lower, however, trading down 5% from the previous session.
JH Kim
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