Arm Holdings' Next Earnings Report on July 29 Could Send the Stock Soaring. Here's Why.
Arm could make a big move after its earnings report Wednesday.
Overview
Arm Holdings (Nasdaq: ARM) has been one of several breakout chip stocks this year.
The company, best known for licensing its CPU designs, is up 142% this year, including a substantial pullback from its June peak. At one point, the stock was up more than 300%.
Details
Arm has benefited from the bullish sentiment in the chip sector from the AI boom, as well as signs that CPU demand is soaring as AI needs shift from training to inference. The company also announced that it would make its own silicon for the first time, designing the Arm AGI CPU, which is expected to start contributing to revenue in its fiscal fourth quarter, which ends in March 2027.
Source
Originally published at www.fool.com.
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