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Posted 9/18/2023, 5:05:00 PM

Arm Holdings Stock Faces Downgrade on China Risks and AI Hype

Arm Holdings gets first sell rating from Bernstein
Bernstein expects stock to plunge due to risks from China, AI hype
Faces rising competition in mature phone market
Overvalued given China-related risks and market maturity
Bernstein cites hype around AI capabilities as overinflating stock

barrons.com

Relevant topic timeline:

9/13/2023

Chip Designer Arm Holdings Earns Bullish 'Buy' Rating Ahead of Anticipated IPO

Arm Holdings receives its first Buy rating from the Street, even before completing its IPO.

9/18/2023

Arm Holdings Shares Slide After Bernstein Issues Underperform Rating Questioning AI Prospects

Arm Holdings' shares fell after Bernstein initiated coverage on the chip designer with an underperform rating, suggesting it may not benefit as much from artificial intelligence as some investors anticipate.

9/21/2023

ARM Stock Plummets as Tech Boom Goes Bust; Competition Rises While Valuation Remains Sky-High

Arm Holdings' stock had a strong IPO, but recent sell-offs and high valuations have raised concerns about its future performance, leading to a "Sell" rating and a price target of $46 per share from Bernstein analyst Sara Russo. While Arm is a frontrunner in the semiconductor industry and has value in its architecture, investors should temper their expectations, as its exposure to AI is limited compared to companies like Nvidia. Analyst ratings on ARM stock range from "Buy" to "Sell," with an average price target of $51.67, implying a potential downside of 2.3%.

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