Arm( $ARM Holdings Ltd(ARM)$ ) stock has surged by 93.44% over the past three trading days, reaching a current price of USD148.97, nearly triple its IPO price of USD51 per share.The rally can be attributed to its recent earnings call, which highlighted the following factors:Better-than-expected earnings for 3Q2024, primarily fueled by Artificial Intelligence (AI) demand..Forecasted EPS for 4Q2024 to range between 28 cents and 32 cents, compared to the expected 21 cents, and sales projected to be between $850 million and $900 million, exceeding the anticipated $780 million.Arm announced the possibility of doubling charges for its latest instruction set, which contributes 15% of the company's royalties.Will SoftBank Sell its ARM stake?Arm is still 90
ARM+80%! Will You Follow Big Guys to Invest?
After Nvidia disclosed its stake in five publicly traded AI firms, Arm Holdings saw its stock surge, up 80% this month. Except for Nvidia, major tech companies all increased their bets on the company. -------------------- Will you follow wallstreet to bet on ARM? Is it a good bet in chip stocks?
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