Jim Cramer on Arm Holdings: “I Would Hold It”

Arm Holdings plc (NASDAQ:ARM) is one of the stocks Jim Cramer put under a microscope. During the episode, a caller inquired if they should hold, sell, or add more to their position, and 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.”

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 9 episode, a caller inquired about the stock, highlighting a 23% loss after holding it for a year. The Mad Money host remarked:

“Oh, Arm Holdings, that’s Rene Haas. I think he’s doing a real good job. I don’t know why the stock keeps going down. I think I’m a buyer, not a seller. What can I say? I think Rene is doing a good job.”

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