ARM Holdings Unveils New In-House Silicon
ARM Holdings has announced the launch of its first in-house silicon, the Arm AGI CPU, designed to alleviate CPU bottlenecks in AI data centers. This new technology will be utilized by Meta Platforms to train its upcoming “Llama 4” platform. The CPU, based on TSMC hardware, aims to leverage its efficiency to serve the growing AI market.
Stock Performance and Earnings Potential
ARM’s shares are approaching a significant breakout from a 21-month base, with a potential price target of approximately $250, reflecting a 34% increase. The stock has recorded 11 consecutive positive earnings surprises since going public in mid-2023, with the next EPS report expected on May 6th, 2024.
