British chip designer Arm Holdings (NASDAQ: ARM) went public again on Sept. 14, 2023, seven years after it was acquired by the Japanese conglomerate (OTC: SFTB.Y). Arm priced its IPO at $51, and its shares started trading at $56.10 and closed at $63.59 on the first day. But as of this writing, Arm stock sits around $55 a share.

The market's muted response reflects the uncertainties regarding Arm's growth rates, growth potential, and valuation. Let's review those issues and see if Arm's stock is still worth buying as a long-term play on the semiconductor market.

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Source Fool.com