Was Jim Cramer Right About Arm Holdings plc (ARM)?

We recently published a list of Did Jim Cramer Nail or Miss These 11 Stock Predictions? In this article, we are going to take a look at where Arm Holdings plc (NASDAQ:ARM) stands against other stocks that Jim Cramer discusses.

In that older episode, a caller asked about the future of Arm Holdings plc (NASDAQ:ARM), particularly after a mixed earnings report at the time. Cramer responded:

“You’re right, the last earnings report wasn’t the best. But the stock is up since René [Haas] gave you that. He gave a good price for that underwriting. It went all the way up and then gave back some, but they are here to stay. That is maybe one of the highest-growth companies. I think it’s a lot better than Qualcomm. Everybody’s crazy about Qualcomm — I’m backing René, I think he’s real good.”

Cramer’s belief in ARM was right as the stock has climbed 10.94%. Arm Holdings plc (NASDAQ:ARM) continues to dominate the chip licensing space, especially in mobile and AI edge computing, following its blockbuster IPO.

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Cramer remains a big fan of the stock and thinks it should even trade higher. Here’s what he said on the 2^nd of May this year:

“What else? Can Arm Holdings mount a comeback without strong cell phone sales? I think the year when we realized, this is it, this is the year we realize that Arm’s in everything. It deserves a higher price-to-earnings multiple.”

Overall, ARM ranks 11th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ARM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARM and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock.

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