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Jim Cramer Corrects The Narrative For Arm Holdings (ARM)

We recently published Jim Cramer Discussed These 13 Stocks & Shared Major Warning For Rare Earth 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. It is one of the key players in the industry since its intellectual property is used in chips for smartphones, data centers, and other applications. Firms like Arm Holdings plc (NASDAQ:ARM) have grown in prevalence as semiconductor manufacturing process advances have enabled designers to rely on its low-power designs for heavy computing use cases. In this episode, Cramer discussed a recent interview with Arm Holdings plc (NASDAQ:ARM) CEO Rene Haas and the CEO’s comments about cloud computing:

“And I did want to come back to, what happened with Rene Haas last week and the glasses. Rene did feel that maybe I had misinterpreted his boisterous nature. But he did say that maybe there was more cloud than he thought, than he should have said.

“I just did feel like I had to kind of correct the narrative.”

Cramer discussed Arm Holdings plc (NASDAQ:ARM) and AI demand 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.”

While we acknowledge the risk and potential of ARM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ARM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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