Jim Cramer on Arm Holdings: “I Think You Do Buy the Stock”

Arm Holdings plc (NASDAQ:ARM) is one of the stocks Jim Cramer discussed, along with market shortages. A caller inquired about Cramer’s thoughts on buying more ARM shares, and he replied:

Okay, Arm’s very interesting here because they did see the big shortage coming. Rene Haas got it right. I think you do buy the stock, and I think it’s a great call.

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Arm Holdings plc (NASDAQ:ARM) designs and licenses CPU architectures, system IP, and software used across automotive, computing, consumer, and IoT applications. During the January 15 episode, a caller asked if they should sell, add more, or hold on to their position in the stock. Cramer replied:

You know, I gotta tell you, something’s going on. I mean, we gotta get Rene Haas on. I mean, the stock has just been in freefall, and that’s not right. Maybe it’s because the price-to-earnings multiple got too high. I would hold it. I can’t tell you to add any until we find out definitively that… [if] SoftBank’s selling its stake or something because man, this thing’s been nasty.

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