Can Arm Holdings Stock Soar Higher in 2024?

After a brief period of decline following its autumn 2023 IPO, shares of semiconductor technology patent and licensing company Arm Holdings (ARM -1.06%) rocketed higher to close out the year. At the end of 2023, the stock was up nearly 20% from when it made its publicly traded debut. The price runup can be attributed to investors who are optimistic that a resurgence in chip sales in 2024 could spell big financial gains for Arm. However, I'm not so sure the recent run higher in the stock can continue unabate ...