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Stock impact report

Jim Cramer Isn't Impressed With Morgan Stanley's Arm (ARM) Coverage [Yahoo! Finance]

Arm Holdings plc - American Depositary Shares (ARM) 
Company Research Source: Yahoo! Finance
British chip design house Arm Holdings PLC (NASDAQ:ARM)'s shares are up by 52% over the past year and by 37% year-to-date. Bank of America discussed the firm in detail on February 24th. It raised Arm Holdings PLC (NASDAQ:ARM)'s share price target to $140 from $135 and kept a Neutral rating on the shares. BofA outlined that the chip design company could benefit by launching its in-house CPU, which could allow it to eventually grow its earnings per share by as much as 20%. Arm Holdings PLC (NASDAQ:ARM) had announced on March 24th that it was introducing a new AI chip called the AGI CPU. According to the company, this chip will cater to the needs of the fast-growing agentic AI market. Cramer has discussed the firm several times over the past couple of months and discussed factors such as energy demand on its performance. In this appearance, he discussed Morgan Stanley's recent coverage of Arm Holdings PLC (NASDAQ:ARM): “I thought that was fatuous. Arm's new method of building its own, Show less Read more
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