Name of opportunity: 👀
Arm Holdings
Invested in by Nvidia: 💸
Nvidia, thought of by many as the AI leader and the definitive stock in the space, revealed five of its investments as of December 2023 in a 13F filing this year. One was Arm Holdings, a British semiconductor company, in which Nvidia bought 1,960,784 shares. At the time of Nvidia’s investment, Arm Holdings was worth US$147.34 million - it has since increased in value to US$355.27 million, a massive increase of 141%. It has risen in value the most out of the five Nvidia investments which were: Arm Holdings, Nano-X Imaging, Recursion Pharmaceuticals, SoundHound AI, and TuSimple Holdings.
How hot is this investment opportunity? 🔥🔥🔥
Arm Holdings has been highlighted by analysts as a good investment, and it is currently rated a ‘Buy’. It is predicted to drop in value by 37.43% in the next 12 months, reaching an average target price of $116.67 - this is because in the surge of excitement around this stock, the price has risen beyond what analysts think it is worth, making it potentially overvalued in their opinion. So some analysts now think that investors might do well to keep an eye on this one, and look to buy when the price has fallen somewhat.
Arm Holdings rose 38.5% last month - if analysts are right that it will drop by 37.43%, it will still have risen in value overall. On 24 June, Arm Holdings was added to the Nasdaq-100 Index, which Nasdaq describes as compiling 100 of the ‘largest and most innovative non-financial companies listed on the Nasdaq Stock Market’ based on market cap. This is a big sign that Arm Holdings is one to tThe company is in ‘Excellent’ financial health according to analysts.
Semiconductors: 🖥️
Arm Holdings is a company that produces semiconductors and software, which makes CPU cores, software development tools and chips for mobile phones and other devices as well as computers. It is based in Cambridge, UK, but is majority owned by the Japanese conglomerate SoftBank Group. It was founded in 1990. Some of the world’s fastest supercomputers have used parts made and designed by Arm.
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