Jim Cramer Discusses These 9 Stocks & US AI GPU Advantages

7. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders In Q3 2024: 38

Arm Holdings plc (NASDAQ:ARM) is a chip design house whose products allow firms to create data centers and smartphone chips. In today’s AI-driven stock market where most investor attention has been on NVIDIA, the firm has sought to position itself as an AI CPU provider. However, with lofty expectations comes the risk of sharp downfalls and this was the case with Arm Holdings plc (NASDAQ:ARM)’s stock this month. The shares dipped by 3% in premarket after the firm’s fourth-quarter earnings guided Q1 revenue at a $1.23 billion midpoint which failed to impress growth investors. Cramer commented on Arm Holdings plc (NASDAQ:ARM)’s exposure to CPUs and how it’s outperforming AMD:

“Tomorrow, we’re going to hear from Arm. And you’re going to hear Arm saying listen we’re winning that arms race in CPUs too. So there’s just a lot of them and they have a confluence of things with Jensen. But I just come back and say, Rene Haas doing better, at Arm, Jensen Huang doing better in NVIDIA.”