Jim Cramer Highlights Chip Designer Arm's Ties To AI 'King' Nvidia: Why He Expects IPO Fireworks
Portfolio Pulse from Adam Eckert
Softbank's Arm is set to go public next week in what is expected to be the biggest IPO of the year, seeking a valuation of close to $54 billion. Several companies including Nvidia Corp, Advanced Micro Devices, and Apple Inc have expressed interest in purchasing up to an aggregate of $735 million in the IPO. Arm's ties to Nvidia were highlighted, with Arm's CEO having previously worked for Nvidia and Nvidia using Arm products in its superchip.
September 05, 2023 | 4:00 pm
News sentiment analysis
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POSITIVE IMPACT
Apple has expressed interest in Arm's IPO, potentially indicating a future partnership or collaboration.
Apple's interest in Arm's IPO could indicate a potential future partnership or collaboration, which could positively impact Apple's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Advanced Micro Devices has expressed interest in Arm's IPO, potentially indicating a future partnership or collaboration.
AMD's interest in Arm's IPO could indicate a potential future partnership or collaboration, which could positively impact AMD's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Nvidia has expressed interest in Arm's IPO and has strong ties with the company, potentially benefiting from the partnership.
Nvidia's interest in Arm's IPO and its existing ties with the company indicate a potential for increased collaboration and benefits from the partnership. This could positively impact Nvidia's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80