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 2nd 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.”
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This article is originally published at Insider Monkey.
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