What's Going On With Arm Stock On Friday?
Portfolio Pulse from Anusuya Lahiri
ARM Holdings Plc (NASDAQ:ARM) shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $107 to $190. The broader semiconductor sector has seen a selloff due to geopolitical tensions and U.S. sanctions against China. ARM's CEO announced plans for AI-ready devices by 2025, and the company has strong licensing and royalty potential. ARM's architecture is favored for its efficiency, with major clients including Apple, Amazon, Google, Microsoft, Nvidia, and Qualcomm.

July 19, 2024 | 5:12 pm
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NEGATIVE IMPACT
Advanced Micro Devices, Inc (NASDAQ:AMD) experienced an 18% decline this week amid a broader semiconductor sector selloff and geopolitical tensions.
The broader semiconductor sector selloff and geopolitical tensions are likely to negatively impact AMD's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 30
NEGATIVE IMPACT
Nvidia Corp (NASDAQ:NVDA) saw a 9% decline this week amid a broader semiconductor sector selloff and geopolitical tensions.
The broader semiconductor sector selloff and geopolitical tensions are likely to negatively impact Nvidia's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 30
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) faced a selloff this week following Donald Trump’s verbal attack and U.S. plans to intensify semiconductor sanctions against China.
Geopolitical tensions and U.S. sanctions against China are likely to negatively impact TSMC's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 50
POSITIVE IMPACT
ARM Holdings shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $107 to $190. The company has strong growth potential in AI and data centers.
The upgrade by Morgan Stanley and the raised price target are strong positive signals for ARM Holdings. The company's growth potential in AI and data centers further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100