Jim Cramer Discussed These 12 Stocks & Elon Musk Vs Sam Altman

5. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders In Q3 2024: 38

Arm Holdings plc (NASDAQ:ARM) is a British chip design house whose products are used in smartphones and data center processors. It surged to the forefront of media attention earlier this month after President Trump announced his $500 billion Stargate AI project. Cramer invited Arm Holdings plc (NASDAQ:ARM) CEO Rene Haas on his show, and co-host David Faber asked Haas whether Softback would sell some of its Arm Holdings plc (NASDAQ:ARM) shares to raise funds for Stargate. This time around, Cramer commented on the firm’s role in Stargate and its CPUs being as important to AI as NVIDIA’s GPUs:

“[On how Arm is relevant to President Trump’s $500 billion Stargate AI project] They have a position [laughs] Softbank has a position in them.”

“[On whether Softbank would have to sell Arm to raise capital for its Stargate commitments] My case is yes. I say yes.”

“You know what, Rene said, and I’ve had Rene on a number of times including last week when I was in San Francisco. Rene is very specific. Where there are GPUs, there are CPUs. He makes CPUs, and he’s got the contracts. And I think that is important, very real. Now is it very real enough that it should have gone up so much yesterday? I don’t know. You know when he said last week when he was on the show, on Mad Money, cause you know there are GPUs and there are CPUs. And [inaudible] are GPUs, then you find Arm. So I would not call it revelatory. I would not call it new. But we have a market that has animal spirits David.”