Why Is Arm Holdings (ARM) Stock Price Down 6.33% Today, Aug 28? Chip Selloff plus Higher Yields Pressure Shares

Arm's 6.33% drop is framed as sector-wide de-risking in semiconductors, reinforced by elevated Treasury yields that pressure long-duration growth valuations. With no company-specific catalyst cited, the move signals weaker risk appetite across AI-linked chip exposure and sensitivity to rates. The breakdown below a prior support area underscores fragile near-term positioning and could keep volatility elevated for the broader chip complex.