Is Arm Holdings Stock a Buy?

Shares have cooled off, falling 30% after soaring out of the IPO gate.Last year, chip design company Arm Holdings (ARM -16.90%) was one of Wall Street's hottest initial public offerings. Shares have corrected recently after soaring out of the gates on hype over its artificial intelligence (AI)-related tailwinds. Today, the stock trades nearly 30% off its high.The company designs products that serve as the foundation of modern semiconductors; roughly half of the world's chips use designs owned by Arm. An inc ...