ARM Holdings PLC ADR
ARM: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|NB | LOCK|P&s | LOCK|$LnLyZl |
Arm All Set to Meet 2025 Targets, With Healthy 2026 Ahead
Business Strategy and Outlook
Arm Holdings doesn't sell chips; rather, it develops central processing unit architecture and intellectual property that it licenses. We believe Arm will remain the dominant architecture in smartphone CPUs, where it has 99% market share, while maintaining high market share in other mobile chips and battery-powered devices. Arm is also making inroads into the data center, where we expect it will gain market share versus x86, sold by Intel and AMD.
