Arm Holdings shares rose about 3% on Tuesday, recovering from a more than 9% decline in the previous session even as the Nasdaq, S&P 500 and technology sector weakened. The rebound followed a debate over whether safety concerns raised by leaders at Anthropic and OpenAI could slow advanced AI development, reducing future demand for chips and data-center hardware. President Donald Trump rejected calls to slow AI development, calling AI and data centers important economic drivers and emphasizing competition with China. Arm remains below its 20-day and 50-day simple moving averages (averages tracking recent prices) but stays above its 200-day average, keeping its longer-term uptrend intact. Its relative strength index (momentum indicator) was 45.07, a neutral reading, while the stock’s price-to-earnings ratio was about 243.9. Analysts maintained a Buy consensus, with an average price forecast of $319, although several firms adjusted their individual targets. Arm also has significant weightings in three ETFs, exposing its shares to potential fund-flow-driven trading pressure.