The stock's high valuation raises the risk of a post-earnings sell-off this week.Arm Holdings (ARM 0.13%) has been a rising star in the semiconductor industry. Its technology is used in half of all chips and virtually every smartphone, including Apple's iPhone 16, according to reports. Shares have soared 141% since its initial public offering last year.Arm's lucrative business model based on licensing and royalty revenue makes it a solid business. However, while investors might be tempted to buy shares, the ...

CNBC's Jim Cramer on Friday walked investors through next week's market action, highlighting the Federal Reserve's next meeting and earnings from Super Micro Computer. Despite the slew of earnings next week, Cramer said the presidential election will steal Wall Street's attention."Even with all these earnings reports coming next week, at the end of the day, the market's still going to be hostage to the election, and perhaps more important, to the Fed meeting," he said.On Monday, investors will be reviewing ...

文章核心观点 - 芯片制造商Arm和台积电在人工智能经济中扮演关键角色,但华尔街只看好台积电一家公司的股票[1][2] - 分析师预测Arm股价未来12个月将下跌6%,而台积电股价将上涨21%[2] Arm - Arm是一家英国半导体公司,主要设计中央处理器(CPU)和计算子系统,包括系统管理解决方案和软件工具,可简化人工智能应用程序的开发[3] - Arm在移动处理器市场占据主导地位,在智能手机中的市场份额超过99%[4] - Arm正在个人电脑和数据中心市场份额不断提高,因其业务模式使客户能够根据自身需求优化芯片,这与英特尔和AMD不同[4][5] - Arm在2024财年第一季度财报表现良好,收入同比增长39%,非GAAP净利润增长67%[6] - Arm将受益于人工智能的普及,因其能让客户开发针对特定终端市场优化的自定义CPU和计算系统,无需大量研发投入[6] - 但Arm当前估值较高,市盈率达110倍,投资者应等待更好的进场时机[7] 台积电 - 台积电是全球最大的半导体代工厂,这在资本密集型代工业务中是一大优势[8] - 台积电持续投入研发,保持制造工艺技术领先,如推出业界最先进的3纳米制程,吸引苹果、英伟达等客户[9] - 台积电2022年第三季度财报表现强劲,收入同比增长36%,每股收益增长50%,受益于智能手机和人工智能芯片需求[10] - 台积电凭借与苹果、英伟达等客户的关系,有望在智能手机到数据中心服务器等领域充分挖掘人工智能商机[11] - 分析师预计台积电未来3年每年收益将增长23%,当前估值31倍市盈率合理,长期投资者可考虑买入[12]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Stocks Climb the Wall of Worry Despite concerns about the presidential election, inflation, interest rates, housing, geopolitical escalations, valuations, the yield curve, and an overbought market, U.S. stocks have climbed the "proverbial wall of worry" to trend higher in 2024. Not only are stocks higher despite the bear's concerns, but they are off to their best start ever in a presidential election year, with the S&P 500 Index up a healthy 22% and the tech-heavy Nasdaq higher by 23%. That said, should inv ...

文章核心观点 - Arm Holdings是一家关键的半导体公司,虽然不直接制造芯片,但其设计的架构被广泛应用于智能手机等设备中 [1][2] - Arm在人工智能芯片市场有巨大机会,预计到2026财年将有100亿颗AI芯片出货 [2] - Arm的业务模式类似于软件公司,毛利率高达96%,且拥有稳定的现金流 [3][4] 公司概况 - Arm Holdings是一家半导体公司,主要从事先进CPU架构的设计,而不是直接制造芯片 [2] - Arm的客户使用其设计的架构进行定制,99%的智能手机都使用Arm设计的处理器 [2] - Arm通过授权架构设计和销售产品获得专利费收入,迄今已有280亿颗Arm芯片出货 [2] 财务表现 - Arm的毛利率高达96%,远高于台积电的53%,接近软件公司Palantir的81% [3][4] - 过去12个月Arm实现了7.09亿美元的自由现金流,占收入的20% [4] - Arm的估值远高于微软和Palantir,价格销售比达到42.59倍,价格现金流比达到162.93倍 [5][6] 投资建议 - 即使Arm是一家优秀的公司,但目前的股价已经过高,存在较大的下行风险 [5][6] - 投资者可以采取分散购买的策略,或等待股价大幅下跌后再买入 [7]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

The legal disputes between Arm and Qualcomm are heating up -- and billions of dollars in revenue for both companies are at stake.Shares of Arm (ARM -7.15%) lost ground in Wednesday morning trading. The semiconductor company's stock price was down by 6.1% as of 12:55 p.m. ET.Bloomberg published a report Tuesday night stating that Arm had informed Qualcomm that it plans to cancel its chip design architecture licensing arrangement. If that does happen, it could result in significant sales and earnings declines ...

In this articleA smartphone with a Qualcomm logo is placed on a computer motherboard in this illustration taken on March 6, 2023.Qualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.Arm has given Qualcomm a 60-day notice of the cancellation of their so-called architectural license agreement, Bloomberg reported, citing a document.The license in question allows Qualcomm to design chips based on Arm archite ...

文章核心观点 - 芯片行业正在经历长期增长,人工智能技术的投资将推动行业持续增长多年 [1] - 半导体行业虽然存在周期性需求,但消费电子、汽车和数据中心对芯片的需求不断增加,行业长期前景看好 [1] - 两家优秀的芯片公司值得长期持有 [1] 台积电 - 台积电是全球领先的半导体代工企业,市值接近1万亿美元 [2] - 台积电为英伟达、博通、AMD、英特尔等公司代工,业务增长强劲,预计未来几年收入将持续高速增长 [2][3] - 台积电凭借先进的制造工艺、大规模产能和与客户的长期合作关系,有望从人工智能芯片需求增长中获益 [3] - 台积电目前估值较低,未来3年内股价有望翻倍 [3] ARM - ARM专注于芯片设计,而不是制造,通过授权芯片设计赚取高毛利 [4] - ARM的芯片以性能高、能耗低著称,在云计算、物联网等领域需求旺盛 [5] - ARM曾经被英伟达试图收购,其芯片设计在人工智能领域也有广泛应用 [5] - ARM未来几年业绩有望保持27%左右的高速增长 [6]