Bernstein initiates Arm as underperform. Here’s what the pros say
Market Movers rounded up the latest reactions on Arm Holdings from Jim Cramer and Virtus Investment Partners’ Joe Terranova. Cramer discussed why he thinks Arm is too expensive, even as shares have recently declined. The stock climbed nearly 25% when it debuted last Thursday. Terranova talked about why he is still optimistic about the semiconductor space but prefers to own Broadcom over Arm. The chipmaker dipped 4.5% Monday after Bernstein initiated coverage of the stock with an underperform rating, saying it’s “too early” to call Arm an AI winner .
VCP Trading is a curated financial news site that pulls information from a variety of publications. Our aim is to provide a site that helps find news quickly, and in one location. We’ll cover major markets, cryptocurrency news, world news that affects the markets, business news, and much more. Is there something we are missing? Let us know! DISCLOSURE – VCP Trading is supported through advertisements. When you buy through links on our site, we may earn a couple of bucks to help keep the lights on.