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Bernstein initiates Arm as underperform. Here is what the professionals say
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Published
2 weeks agoon
Market Movers rounded up the most recent reactions on Arm Holdings from Jim Cramer and Virtus Funding Companions’ Joe Terranova. Cramer mentioned why he thinks Arm is just too costly, at the same time as shares have lately declined. The inventory climbed almost 25% when it debuted final Thursday. Terranova talked about why he’s nonetheless optimistic concerning the semiconductor house however prefers to personal Broadcom over Arm. The chipmaker dipped 4.5% Monday after Bernstein initiated protection of the inventory with an underperform ranking, saying it is “too early” to name Arm an AI winner .
