How Arm Holdings Stock Soared 118% in the First Half of 2024 -- and Why July 31 Could Bring Its Next Move Up
Arm Holdings (NASDAQ: ARM) stock soared 118% in the first half of 2024. (Shares are up 141% through Friday, July 12.) That showing made the world's leading chip designer the second-best performer among semiconductor stocks with at least small-cap market caps (above $300 million). The top performer in this category was artificial intelligence (AI) chip leader Nvidia, whose shares skyrocketed 150% in the first half of the year.
For context, in the first half, the S 500 index returned 15.3% and the tech-heavy Nasdaq Composite returned 18.6%.
Before we dive in, here's a snapshot of Arm: It designs architectures for central processing units (CPUs) and licenses those designs and related intellectual property (IP) to customers, which include big names such as Apple, Nvidia, and . CPUs based on Arm's IP are known for their energy efficiency.
Source Fool.com
Qualcomm Inc. Stock
With 44 Buy predictions and 1 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 182 € shows a slightly positive potential of 2.64% compared to the current price of 177.32 € for Qualcomm Inc..
