Arm Is A Top Secular Pick Along With Nvidia: Analyst – TradingView
Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on Arm Holdings Plc ARM with a price target of $180. The stock is trading higher on Monday.
Mosesmann considers the stock a top secular pick alongside Nvidia Corp NVDA.
The analyst noted that the positive ARM PC and overall compute themes showcased last week at Computex in Taiwan will benefit the increasing pervasiveness of the company’s IP in the future.
Also Read: Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike
In this note, the analyst adjusted his licensing revenues in the out-quarters to better align with revenue recognition timing, but his full-year fiscal 2025 sales and adjusted EPS estimates remain unchanged.
![](https://javigos.com/wp-content/uploads/2024/06/benzinga:dd54e00cf094b-184b09c2e71d7bdab41f6dcfef779632-resized.jpeg)
Prior reports indicated CEO Rene Haas’ ambition to win over 50% of the Windows PC market within five years following Microsoft Corp’s MSFT plans to launch a new generation of AI-enhanced PCs leveraging Arm’s technology.
Arm stock gained 120% in the last 12 months. Investors can gain exposure to the semiconductor sector via EA Series Trust Strive U.S. Semiconductor ETF SHOC and Columbia ETF Trust I Columbia Seligman Semiconductor And Technology ETF
SEMI.
ARM Price Action: Arm shares traded higher by 2.78% to $140.40 at the last check Monday.
Also Read: Nvidia Maintains Lead As Key AI beneficiary, Analyst Boosts Estimates After Taiwan Event
Photo via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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