ARM Holdings - Got a strong mention in Elons AI interview.

Updated

Elon mentioned ARM in his AI discussion on Twitter last night as one of the leaders when he was discussing robotics.

twitter.com/RishiSunak/status/1720187297558065441 (39:30 min mark)

"Tesla uses a lot of ARM technology. Almost everyone does actually". ~Elon Musk

Might be worth a look.

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Nice 6% move over a couple of days so far.

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Good run. Might need a pullback soon.

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Another nice move up from ARM after an earnings surprise. Some good volume coming through and it is still below its recent highs, so Id be anticipating more upside.

From Yahoo FInance: "Shares of Arm Holdings (ARM) surged after the companies third-quarter results topped expectations. The company also issued fourth-quarter guidance that was better-than-expected, with revenue expected to $850-$900 million versus the $778 million estimated. The chip design firm says in the release that "growth was driven by both royalty revenue and license revenue.""

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Premarket looking VERY bullish.

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ARM hit $126 on that move and up ~180% off its lows

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Touched $164. Crazy run. Looks like well and truly overbought now, but never know. I still like it for the longer term.

zAngus

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