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Stock impact report

William Blair Reiterates Outperform on ARM, Citing Long-Term AI Tailwinds [Yahoo! Finance]

Arm Holdings plc - American Depositary Shares (ARM) 
Company Research Source: Yahoo! Finance
an “Outperform” rating on the stock, citing long-term growth drivers. Naji views structural tailwinds coming from v9 royalties, AI demand, and full-chip solutions. With shares trading at a PE multiple of 68 times the firm's calendar 2026 estimate, the firm continues to view ARM as a long-term winner in the semi space. It highlighted five specific growth catalysts for ARM. The long-term semiconductor winner is supported by rising royalties from newer architecture, increasing data center share, AI-driven computing demand, expanded licensing, and a new product opportunity that could boost earnings. “Stock Thoughts: Arm shares trade at a price-to-earnings multiple of 68 times our calendar 2026 estimate. We continue to see Arm as a long-term winner in the semi space, with multiple growth drivers including (1) the increase in royalty revenues with the shift to v9 and CSS, (2) share gains in the data center versus x86, (3) AI driving up global computing demand, (4) an expanded licensin Show less Read more
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