ARM: Everything You Need To Know About The Lock-Up Expiry (Rating Upgrade)

Michael M. Santiago Arm Holdings plc (NASDAQ:ARM) has been on a tear this year, with its recent release of impressive F3Q24 earnings corroborating participation in emerging AI opportunities. But its eye-watering year-to-date upsurge of as much as 116% has been stopped short by a steepening pullback this week. Much of the stock’s latest declines appear congruent with market’s AI darling Nvidia’s (NVDA) steep selloff on Friday. There are also additional downside risk implications pertaining to the expiry  ...