Arm Holdings
The chip-IP licensor — every smartphone and most AI server CPUs run on Arm's instruction set architecture.
Previous close $411.83
52-week high
$411.83
52-week low
$85.82
YTD change
+242.87%
The 30-second take
Arm's business model is royalty + licence on its CPU instruction sets — capital-light, ~95% gross margin. The AI angle: Nvidia's Grace CPUs, AWS Graviton, and increasingly data-center CPUs are Arm-based, displacing x86. Re-IPO'd at $51 in Sep 2023, peaked above $180 within a year. In interviews, anchor on: royalty rate per chip (the V9 architecture upgrade is the price-mix story), data-center share-shift from x86 (the multi-year structural tailwind), and the SoftBank ownership overhang.
Historical reference points
Bankers instinctively contextualise today's level against these moments. Each row shows how far the current level is above / below that reference.
- 2023 IPOSep 2023$51.00+670.29%
- 2024 highJul 2024$188.00+108.96%
Compare against
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