Is Arm Holdings Stock a Buy Now?
In its brief tenure as a public company, semiconductor giant Arm Holdings (NASDAQ: ARM) has benefited from a skyrocketing stock. After debuting with an initial public offering (IPO) price of $51 per share last year, Arm zoomed to a 52-week high of $188.75 in July.
The price has dropped since then, but shares are still up nearly 100% in 2024. Its stock performance is understandable since Arm's business has been on a tear, experiencing record revenue for four consecutive quarters.
Can the company continue growing sales? If so, given its elevated share price, does it make sense to invest in the semiconductor chip designer? To get to an answer, let's dissect Arm to determine if it's a good long-term investment.
Source Fool.com
