Keep an eye on Arm Holdings (SYM: ARM).
For one, if it can break above resistance at $130, it could potentially test $145 next.
Two, in recent weeks, the company achieved over $3 billion in revenue for the first time.
In fact, according to a shareholder letter, “We finished our financial year achieving over $3 billion in revenue for the first time, and with strong tailwinds heading into FYE25 as AI is driving increased demand for Arm-based technology across all end markets,” said Rene Haas, CEO.
Better, “Arm is increasingly in demand as data centers look to cut their massive energy consumption”, added the CEO. “While generative AI and complex AI have unbelievable potential, the real headwind is power. These giant (AI software) models have huge demands on compute and that drives incredible needs for power. So, power efficiency is paramount to solving this.”
In short, investors may want to use recent weakness as an opportunity with ARM.
