2024-03-31 05:25:00 ET
Arm Holdings (NASDAQ: ARM) returned as a publicly traded company last September. The U.K. chip designer was previously acquired by the Japanese conglomerate SoftBank (OTC: SFTB.Y) in 2016, nearly sold to Nvidia (NASDAQ: NVDA) before antitrust regulators scuttled the $40 billion deal in 2022, and finally spun out as an independent company again.
When Arm listed its shares at $51, investors initially scoffed as its slowing growth and frothy valuations. But today the stock trades at about $125. Let's see why Arm's stock soared over the past six months -- and if it's too late to chase that rally.
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Is It Too Late to Buy Arm Holdings Stock Now?