We have recently shared Jim Cramer Made A Big Prediction About OpenAI & Discussed These 20 Stocks. Arm Holdings plc (NASDAQ:ARM) is one of the stocks discussed by Jim Cramer.
British design house Arm Holdings plc (NASDAQ:ARM)’s shares have been on a tear lately. They are up by a strong 45% over the past month and have performed well since chip manufacturer Intel reported its latest earnings. Susquehanna discussed Arm Holdings plc (NASDAQ:ARM)’s shares on April 16th as it raised the share price target to $220 from $170 and kept a Positive rating on the stock. The financial firm discussed the company in the context of the CPU market and outlined that it expected weakness in the smartphone royalty business to be offset by the CPU sector. Goldman Sachs had raised Arm Holdings plc (NASDAQ:ARM)’s share price target to $125 from $110 on April 8th and kept a Sell rating. The bank had remarked that the company’s position in several growth segments of the semiconductor market appeared to be favorable. Cramer also discussed Arm Holdings plc (NASDAQ:ARM)’s CPU business and added the perspective of humanoid robots:
“Here’s one not up enough, Arm. Arm’s doing massive CPU, both the royalty but more importantly their own silicon, they’re using Samsung. And I think Arm’s going to be sold through. I think Arm’s numbers are going to be gigantic. ASICs.
“Okay let’s take a logical thing, the humanoid robot that you get from Musk, okay. It’s insane how many CPUs it’s going to need. We just didn’t think. So you need all the CPUs that AMD has, all the CPUs, and I’m really emphasizing Arm because it’s not up enough, my charitable trust owns it. But it’s just not up enough.”
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.
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