Arm Holdings plc (NASDAQ:ARM) is a top Trending AI Stock on Wall Street. BofA Securities downgraded the stock from Buy to Neutral and lowered the price target to $120 from $145 ahead of ARM’s Q3 results on Feb. 4. Factors include smartphone unit headwinds, SoftBank reliance, and royalty slowdown.

Global smartphone shipments may decline due to memory costs and supply constraints, impacting Arm’s Client business. Despite challenges, ARM has potential in the data center long-term.

ARM designs semiconductor technology and related products. While ARM offers investment potential, some AI stocks may offer greater upside. Check out a report on the best short-term AI stock for more insights.

For more AI stock analysis, read about 11 AI Stocks on the Market’s Radar and 12 Hot AI Stocks to Keep on Your Radar. No disclosure.

Read more at Yahoo Finance: Arm (ARM) Downgraded by BofA on Smartphone and Royalty Headwinds