$Alphabet(GOOG)$ Chrome will be same as android. Just more noise in the market. Buying opportunity for undervalued stock. The case will finish inconclusive.
$ARM Holdings Ltd(ARM)$ Bullish in short term, ARM has the advantage and likely to win, or settle a neutral agreement. But bearish for long term. $Qualcomm(QCOM)$ may seek to diversify to RISC-V and compete with ARM directly.