Arm Holdings plc (NASDAQ:ARM) was among the stocks Jim Cramer discussed in this changing market. Cramer highlighted the stock’s growth after he purchased it for the Charitable Trust, as he commented:
Same goes for Arm Holdings. The chip design company had been putting up some pretty good numbers. But more important, it announced that rather than just licensing its technology to other chip makers, Arm would also make their own CPUs, big change, right when we started hearing that these new AI agents needed a ton of advanced CPUs to operate. It’s a windfall for anyone who can make CPUs, meaning Intel, AMD, and Arm Holdings. I don’t know, Arm’s trading at 172… Been at 115 just a couple weeks ago when I learned this…. I had passed on almost 60 points.
So what did I say? I said, well, I’m too late. But you know what? I couldn’t resist the temptation. CEO Rene Haas was so… bullish in our interview from the NVIDIA GTC conference, and he’s always been straight. I’d already missed Intel. I’d passed on AMD, so I decided enough is enough. Just forget where the… thing came from and do some buying. Sure enough, as people realized that we’re going to need more CPUs in the data center, Arm, at $172 when I purchased it, proceeded to roar right to $302.
Stock market data. Photo by Burak The Weekender on Pexels
Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU architectures, system IP, and software used across automotive, computing, consumer, and IoT applications.
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