Arm is a ‘buy' says Citi with eyes on longer-term AI-driven growth
Portfolio Pulse from
Citi has rated Arm Holdings PLC as a 'buy', focusing on its potential for long-term AI-driven growth. Despite this positive outlook, Arm's shares fell by 7.5% due to concerns over its v9 chips, which are perceived to have slowed down.
February 06, 2025 | 4:45 pm
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Arm Holdings PLC shares fell 7.5% due to concerns over its v9 chips, despite Citi's 'buy' rating based on long-term AI growth potential.
The immediate market reaction to concerns over the v9 chips has led to a 7.5% drop in Arm's share price. However, Citi's 'buy' rating suggests confidence in Arm's long-term growth potential driven by AI. The short-term impact is negative due to the chip concerns, but the long-term outlook remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100