Is This AI Stock the Next Nvidia? Here's Why One Morgan Stanley Analyst Says This Company Could Skyrocket 130% to More Than $300 Per Share

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Investors are turning to Arm Holdings, whose stock has surged since its IPO. Morgan Stanley's Lee Simpson suggests it could rise 130% more to $300 per share. Some investors see the artificial intelligence stock as the "next Nvidia due to its dominance in mobile device processors and growth in other markets. Arm has a business model that licenses its CPU architecture and intellectual property to customers, who then build custom chips using Arm's IP. This reduces customers' R&D costs.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03Investors are turning to ARM Holdings, whose stock has surged since its IPO.
00:07Morgan Stanley's Lee Simpson suggests it could rise 130% more to $300 per share.
00:13Some investors see the artificial intelligence stock as the next NVIDIA due to its dominance
00:17in mobile device processors and growth in other markets.
00:21ARM has a business model where it licenses its CPU architecture and intellectual property
00:25to customers, who then build custom chips using ARM's IP.
00:29This reduces customers' R&D costs.
00:31For all things money, visit Benzinga.com.

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