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Apple, Nvidia partner Arm Holdings sets up after 217% surge

MacDailyNews

Jul 22

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Arm Holdings shares have tripled since they started trading on the Nasdaq in September 2023 at an initial offering price of $51 and, according to readers of the tea leaves, is near a “handle buy point” of 168.31 in a “very deep cup base.”

Vidya Ramakrishnan for Arm Holdings:
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Earnings growth accelerated in the two most recent quarters, giving ARM stock an ideal Earnings Per Share Rating of 99. The Composite Rating sits at 98 while the Relative Strength Rating of 87 shows the stock has been outperforming the majority of stocks in the Investor’s Business Daily database. The RS Rating has also improved from just 19 three months ago. As of Monday’s closing price, the stock had gained 31% year to date and had climbed 217% from its IPO price.
ARM creates semiconductor designs and licenses them to chipmakers and systems companies. Artificial intelligence chip leaders like Nvidia and Advanced Micro Devices license its products. Other tech behemoths such as Apple also use ARM architecture for custom chips that go into smartphones as well as laptops.
Arm will announce its first-quarter results on July 30. Analysts polled by FactSet estimate earnings of 35 cents on sales of $1.1 billion.

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MacDailyNews Take: Apple played a significant role in the creation of Arm Holdings through its involvement in a joint venture in the early 1990s. In 1990, Apple, seeking a low-power, efficient processor for its Newton personal digital assistant (PDA), collaborated with Acorn Computers, a British company known for its RISC (Reduced Instruction Set Computing) processor designs. Acorn’s processor technology was promising but needed further development for mobile applications.

To advance this technology, Apple, Acorn Computers, and VLSI Technology (a chip manufacturer) formed a joint venture in 1990, establishing Advanced RISC Machines Ltd. (ARM). Apple provided funding and technical expertise, holding a significant stake in the new company. The goal was to develop a new generation of RISC-based processors optimized for low power consumption and performance, suitable for mobile devices like the Newton.

The collaboration resulted in the creation of the ARM6 processor, which powered Apple’s Newton MessagePad in 1993. While the Newton was not a commercial success, the ARM architecture proved highly efficient and versatile. Arm Holdings (spun off from Acorn as an independent entity in 1998) licensed its processor designs to other companies, leading to widespread adoption in mobile devices, embedded systems, and later, smartphones, tablets, and personal computers including Apple’s own iPhones, iPads, and Macs.

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