Arm Holdings' Shares Slip Despite Record Revenue and Strong AI Demand. Is This a Golden Buying Opportunity?
Share prices of Arm Holdings (NASDAQ: ARM) slipped despite the company posting record fiscal Q3 revenue. However, the stock is still off to a strong start to the year, up nearly 35% year to date as of this writing.Let's take a closer look at the semiconductor company's most recent results to see if the dip in price is a buying opportunity.Arm is currently still tied to the smartphone market, as its technology is incorporated into nearly all advanced smartphones in the world. However, its technology has also started to make inroads into the data center as well. At the same time, its new Armv9 technology carries a much higher royalty rate than its older v8 technology, including being about double for Compute Subsystems (CSS), which helps with artificial intelligence (AI) workloads on edge devices and in data centers.Continue reading
Share prices of Arm Holdings (NASDAQ: ARM) slipped despite the company posting record fiscal Q3 revenue. However, the stock is still off to a strong start to the year, up nearly 35% year to date as of this writing.
Let's take a closer look at the semiconductor company's most recent results to see if the dip in price is a buying opportunity.
Arm is currently still tied to the smartphone market, as its technology is incorporated into nearly all advanced smartphones in the world. However, its technology has also started to make inroads into the data center as well. At the same time, its new Armv9 technology carries a much higher royalty rate than its older v8 technology, including being about double for Compute Subsystems (CSS), which helps with artificial intelligence (AI) workloads on edge devices and in data centers.
