Jim Cramer on Arm Holdings: “Don’t Chase It, You’ve Got a Position in It, That’s Fine”

Arm Holdings plc (NASDAQ:ARM) is one of the stocks Jim Cramer recently talked about. A caller asked if they should buy back into ARM after previously selling half their position at breakeven following a decline. Cramer replied:

“No, look, don’t chase it. You’ve got a position in it, that’s fine. It is an expensive… stock. I happen to like Rene Haas very much, but you’ve got a position. Don’t complicate the situation by buying a little more almost at the high. This is a terrific position you’ve got. Let it run.”

Photo by Adam Nowakowski on Unsplash

Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU architectures, system IP, and software used across automotive, computing, consumer, and IoT applications. During the July 10 episode, a caller inquired about the stock and mentioned that they have a significant position in it. Cramer responded:

“You’re in good shape. That’s Rene Haas… His stock is doing very well. Why? He is a partner of NVIDIA and don’t forget it. Rene Haas used to work at NVIDIA. They’re very tight together.”

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