TECH - Arm Holdings Hits 52-Week High: What's Next for Investors? | Benzinga
Shares of Arm Holdings plc (NASDAQ: ARM) reached a 52-week high of $188.75 on Jul 9 before slightly dipping to close at $182.28.
This year, ARM shares have seen an impressive rise of 156%, significantly outpacing the industry's 22% rally. The remarkable performance of the stock can be attributed to the ongoing excitement around advanced artificial intelligence software and the associated hardware. Moreover, investors in Arm are closely monitoring both the global and American economic landscapes.
Considering the persistent strength of ARM shares, investors might be wondering if now is the right time to invest in the stock. Let's delve deeper into this question.
ARM and AI: Beyond the Frenzy
ARM leverages AI to develop sophisticated chip designs and software tools, which are utilized in smartphones, automobiles and data centers. Major semiconductor manufacturers like Apple, NVIDIA and Qualcomm (NASDAQ: QCOM) rely on ARM's chip designs. The company provides foundational designs that its clients can further customize and develop.
The current ...