Arm Holdings: Fantastic Company, but Is the Stock a Smart Buy?

Is patience a virtue with this stock? The artificial intelligence (AI) race is in full swing, and advanced semiconductors are critical to handle the vast data needs. You're probably aware of chipmakers like Taiwan Semiconductor Manufacturing, Advanced Micro Devices, and Intel, but what about chip companies that don't actually manufacture chips? Arm Holdings (ARM 1.92%) is such a company, and the stock is on fire, having risen 139% since its IPO and more than 215% over the past year. There is a ton to like a ...