Arm Holdings PLC (NASDAQ:ARM) is one of the 10 stocks investors are buying now.
Arm Holdings rallied 16.38 percent to close at $157.07 apiece as investors devoured shares following news that it is making a foray into chip production and has earned Meta Platforms’ backing for the initiative.
In a statement, Arm Holdings PLC (NASDAQ:ARM) announced its entry into silicon production with the launch of AGI CPU, a new product designed for AI data centers, which is capable of addressing a growing class of AI agent workloads.
A semiconductor. Photo by Tima Miroshnichenko on Pexels
According to Arm Holdings PLC (NASDAQ:ARM), the CPU is capable of translating higher workload density and delivering more than twice the performance per rack compared to x86 CPUs, among others.
“For more than three decades, the industry has innovated on the Arm computing platform to deliver scalable, power-efficient computing on hundreds of billions of devices. As AI transforms the global computing infrastructure, partners across the ecosystem are asking for ways to deploy Arm technology at scale. In response, Arm is expanding its platform strategy beyond IP and compute subsystems (CSS) to include Arm-designed silicon products, giving partners the broadest set of options to build on Arm and enable faster innovation across the AI ecosystem,” Arm Holdings PLC (NASDAQ:ARM) said.
CEO Rene Haas said the raid “marks the next phase” and a “defining moment for our company.”
While we recognize ARM’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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