Streetbeat News

ARM

Arm Holdings plc American Depositary Shares

https://www.arm.com

Industry

Semiconductors

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services. Its products are used in various markets, such as automotive, computing infrastructure, consumer technologies, and Internet of things. The company operates in the United States, the People's Republic of China, Taiwan, South Korea, and internationally. The company was founded in 1990 and is headquartered in Cambridge, the United Kingdom. Arm Holdings plc operates as a subsidiary of Kronos II LLC.

Open

148.70

Mkt cap

155B

Volume

6.4M

High

149.12

P/E Ratio

245.80

52-wk high

188.75

Low

144.42

Div yield

N/A

52-wk low

50.57

Broadcom and Marvell are set to benefit significantly from the growing demand for custom ASIC solutions driven by generative AI. JPMorgan analyst Harlan Sur predicts the custom chip market will grow to $20-30 billion, with a 20% CAGR. Broadcom holds a dominant market share, while Marvell is rapidly gaining ground. Cloud giants like Google, Amazon, and Microsoft are increasingly opting for custom ASICs over off-the-shelf products, boosting demand for Broadcom and Marvell's solutions.

Portfolio Pulse from Surbhi Jain

June 04, 2024 | 12:20 pm

U.S. stocks were mixed on Monday, with the Dow Jones index falling around 100 points. Several stocks saw significant gains, including Stericycle, Inc. (NASDAQ:SRCL) which rose 15% after announcing a $7.2 billion acquisition deal with Waste Management Inc. (NYSE:WM). GameStop Corp. (NYSE:GME) shares jumped 34.5% following a Reddit post by Roaring Kitty. MarineMax, Inc. (NYSE:HZO) surged 27% amid acquisition talks with OneWater Marine Inc. Other notable gainers included Liquidia Corporation (NASDAQ:LQDA), Olema Pharmaceuticals, Inc. (NASDAQ:OLMA), and Agios Pharmaceuticals, Inc. (NASDAQ:AGIO).

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 2:39 pm

Qualcomm Inc (QCOM) has announced new chips that promise unprecedented battery life for PCs, particularly those incorporating advanced AI features. These chips will be used in Microsoft's (MSFT) latest Copilot+ PCs. Qualcomm aims to reduce the PC sector's reliance on Intel (INTC) and diversify its revenue sources. The new Qualcomm-powered laptops will be featured in Microsoft's Surface line and products from partners like Lenovo, Dell, and Asustek. Qualcomm's stock has gained 81% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 1:57 pm

Arm Holdings Plc (NASDAQ:ARM) stock is trading higher on Monday following a broader sector selloff on Friday due to U.S. government sanctions on the Middle East regarding AI chips. CEO Rene Haas expects 100 billion Arm devices to be AI-ready by the end of 2025. Analysts remain bullish on Arm, citing licensing interest and royalty as key growth drivers. Arm plans to debut its AI chip in 2025. Advanced Micro Devices, Inc (NASDAQ:AMD) hinted at launching next-gen AI PCs, sparking rivalry with Arm. Investors can gain exposure to Arm via iShares Robotics And Artificial Intelligence Multisector ETF (NYSE:IRBO) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW).

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 12:38 pm

The Biden Administration's new AI chip export restrictions to the Middle East have caused a selloff in the semiconductor sector. ETFs like VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX) are down nearly 3%. Key companies affected include Nvidia (NVDA), AMD, TSMC, Broadcom (AVGO), Qualcomm (QCOM), Micron (MU), Arm Holdings (ARM), and Super Micro Computer (SMCI). Despite the selloff, Mizuho analyst Vijay Rakesh reiterated Buy ratings on QCOM, MU, Western Digital (WDC), and Seagate Technology (STX), citing upcoming catalysts.

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 6:21 pm

The CEOs of major U.S. chip companies, including Nvidia, AMD, Intel, Qualcomm, and Arm, will gather at Taiwan's Computex event to discuss the future of AI. The event highlights Taiwan's growing importance in the global tech industry, particularly in AI hardware and semiconductors.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 1:41 am

Arm Holdings Plc (NASDAQ:ARM) shares are down 2.13% following the launch of Arm Kleidi, a software program for AI, and new Arm Compute Subsystems (CSS) for Client. The company also introduced a second-generation family of GPUs. Arm's largest market remains smartphones, providing IP to companies like Apple and Qualcomm. The new products involve collaborations with Samsung and TSMC.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 5:16 pm

Hedge funds' exposure to major U.S. tech companies has reached a record high, driven by Nvidia's strong earnings. The 'Magnificent Seven' tech giants now represent 20.7% of hedge funds' net exposure to U.S. stocks. Analysts highlight Nvidia and Arm Holdings for long-term growth, but advise diversification due to potential challenges and geopolitical factors.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 10:41 am

US stocks showed mixed performance as Nvidia and other chipmakers surged, while Moderna tumbled and GameStop spiked. Treasury yields rose, impacting bond ETFs negatively.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 5:47 pm

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on Arm Holdings (NASDAQ:ARM) with a price target of $180, citing strong licensing interest and growth potential in AI and datacenter markets. Nvidia (NASDAQ:NVDA) and Arm are highlighted as top picks for long-term growth.

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 4:02 pm

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