Arm Holdings plc (ARM) Had To Guide Up, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About As He Warned About “Have-Not” Stocks. Arm Holdings plc (NASDAQ:ARM) is one of the stocks Jim Cramer recently discussed.

Arm Holdings plc (NASDAQ:ARM) is a British semiconductor design company whose design blocks enable chip designers to create their products. Its shares have gained 8% year-to-date but dipped by 15.8% between late July and August start after the firm’s second quarter midpoint revenue forecast of $1.06 billion only managed to meet analyst estimates. Investors were expecting Arm Holdings plc (NASDAQ:ARM) to beat the estimates to showcase tailwinds from AI revenue. As part of his remarks, Cramer mentioned the forecast:

“Now Rene Haas, not prideful with a quarter that I thought was okay. But the stock is down 14%.

“You needed to guide. You did not get a guide up, and you need a big guide up.”

Photo by Vishnu Mohanan on Unsplash

The CNBC TV host had previously discussed Arm Holdings plc (NASDAQ:ARM) in February. Here is what he said:

“Tomorrow, we’re going to hear from Arm. And you’re going to hear Arm saying listen we’re winning that arms race in CPUs too. So there’s just a lot of them and they have a confluence of things with Jensen. But I just come back and say, Rene Haas doing better, at Arm, Jensen Huang doing better in NVIDIA.”

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Disclosure: None. This article is originally published at Insider Monkey.