15 AI Stocks Making Waves on Wall Street

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13. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38    

Arm Holdings plc (NASDAQ:ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers. On November 22, Wells Fargo initiated coverage of the stock with an Overweight rating and $155 price target. The advisory thinks Arm can deliver upside to consensus estimates, driven by a transition to v9 with higher royalty rates, coupled with modest share gains Arm-based CPUs. Arm’s v9 lays the foundation for a compute subsystems adoption story, the advisory told investors in a research note.

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