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How Arm Stock Gained 64% in 2024 -- and Why Feb. 6 Could Bring Its Next Big Move


Published on 2025-01-09 15:01:12 - MSN
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The article discusses the significant rise in Arm Holdings' stock price, which has increased by 64% in 2024, largely due to the company's strategic positioning in the AI sector. Arm Holdings, known for its chip designs, has benefited from the growing demand for AI technology, particularly in data centers and smartphones. The company's shares surged after it announced a fiscal third-quarter earnings report that exceeded expectations, with a 14% year-over-year revenue increase to $824 million, driven by a 13% growth in licensing revenue and a 10% in royalty revenue. Investors are particularly focused on Arm's upcoming earnings report on February 6, 2024, where expectations are high for continued growth, especially in AI-related applications. The article also mentions that Arm's stock has been volatile, with a notable drop after its initial public offering but a strong recovery fueled by AI optimism.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/how-arm-stock-gained-64-in-2024-and-why-feb-6-could-bring-its-next-big-move/ar-BB1ra2tC ]