Goldman Sachs’ 35 AI Superstars

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32. 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. There are numerous factors that make this company a smart investment choice. An important point is the company’s expanding influence across diverse industries like cloud computing and mobile technology. For instance, as per the report for the second quarter of last year, revenue was $844 million, increasing 5% year-over-year due to record levels of royalty revenue and continued strength in license revenue. Moreover, in the third quarter, total revenue was a record $939 million, increasing 39% year-over-year and 1% sequentially. The company has collaborated with The Aston Martin Aramco Formula One Team, and joined as the team’s official AI compute platform partner.

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