Is Arm Holdings a Millionaire-Maker Stock?

Every investor dreams of striking it big with a well-timed investment in a fast-growing company in a red-hot industry. Those who bought Arm Holdings (ARM -0.38%) shares soon after it went public in fall 2023 have already benefited from dreamy gains. The stock is up by about 75% this year amid optimism that its tech licensing business could benefit from a surge in demand related to the artificial intelligence (AI) trend. But do the company's fundamentals justify the hype? Let's find out.A dominant niche in t ...