5 Stocks on Jim Cramer’s Radar: Snowflake, Micron, and Palantir

3. Arm Holdings plc (NASDAQ:ARM)

Arm Holdings plc (NASDAQ:ARM) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer believes the stock still has room to grow, as he commented:

Are we too late? I don’t think so. Today was also a good day for Arm, up 10% or $32, a stock we own for the Charitable Trust. Again, one we suggested that you should buy at yesterday’s Investing Club meeting that I beat myself up on, but at least I did a couple things right. What’s moving Arm? I think because Arm will be giving talks with NVIDIA’s Jensen Huang at COMPUTEX, an annual Taiwan tech event, on Monday and Tuesday. Qualcomm will be there too, so will Intel, so will Marvell. Yes, they are all up already, but that doesn’t stop stocks in this particular market. That’s what matters.

Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU architectures, system IP, and software used across automotive, computing, consumer, and IoT applications. Cramer mentioned the stock during the May 27 episode and said:

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.