Jim Cramer Discusses These 11 Stocks & President Trump

3. 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. Its products are primarily catered towards low-power computing. However, recent advances in chip manufacturing have enabled firms to scale up transistor density and add multiple chip modules on a single package to allow Arm Holdings plc (NASDAQ:ARM)’s designs to deliver high performance as well. Consequently, the firm has proliferated data center general-purpose computing products as well. Cramer commented on the shifting market sentiment for AI chip stocks:

“They have the same problem when we speak to Rene Haas at Arm. I mean, people are asking for too much at these companies. They just are. People seem to think, well wait a second, you’re gonna claim that DeepSeek is good for you? Well if you’re claiming then shouldn’t you be raising in the out years and no one’s doing that because it’s not really the way that you look at things. They’re playing defense, not offense.”