Arm Holdings plc (NASDAQ:ARM) is discussed by Jim Cramer, who praises CEO Rene Haas for doing a good job. Despite a caller’s 23% loss on the stock, Cramer remains bullish, suggesting he would buy more. The company designs CPU architectures used in various applications like automotive and IoT.

Cramer advises against chasing ARM stock due to its high price, recommending holding onto existing positions instead. He notes the stock’s expense but expresses admiration for CEO Rene Haas. The advice is to avoid complicating the situation by buying more at a high point.

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Disclosure: None. This article was originally published on Insider Monkey.

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