Arm's post-earnings pop leaves stock trading at over 100% premium to Nvidia
Publishing timestamp: 2024-02-09 07:52:00
Summary
Arm, a chip designer, has seen its stock soar, surpassing a market cap of $116 billion. The company is being valued at a much higher earnings multiple than competitors Nvidia and AMD. Arm's growth is attributed to its position in the AI market and its strong royalties business. However, there are concerns about the high valuation and the upcoming lockup period. SoftBank, which owns a majority stake in Arm, stands to benefit from the company's success.
Sentiment: MIXED
Tickers: AMD, QCOM, INTC, NVDA,
Keywords: mobile, earnings, nvidia corp, qualcomm inc, business news, breaking news: technology, business, apple inc, technology, advanced micro devices inc, arm holdings plc, intel corp,