From Nasdaq: 2024-07-30 16:31:00

The AI market has seen a surge in interest, but recent setbacks have affected leading stocks like Arm Holdings. Arm will announce its quarterly results on July 31, boasting record revenue and growth. Expectations are high, with analysts predicting a $0.35 EPS and $907 million in sales. The market eagerly awaits the update.

Arm Holdings has been performing exceptionally, with strong quarterly releases exceeding expectations. Armv9 technology has been a significant driver, contributing to a 80% increase in share value year-to-date. Analysts are optimistic about the upcoming release, anticipating continued growth in revenue and profits.

Meta Platforms, a partner of Arm Holdings, is set to reveal its quarterly results on July 31. The company has been focused on AI CapEx, which has caused fluctuations in stock value. Expectations for earnings have risen, with a projected 45% year-over-year growth in earnings per share.

Investors will keep a close eye on Meta Platforms’ update, especially regarding AI CapEx trends after Alphabet’s recent announcement. The company’s valuation multiples remain stable, with a current forward earnings multiple of 21.3X. Meta Platforms continues to be a popular choice for AI investors amid the technological frenzy.



Read more at Nasdaq: Arm Holdings: Is the AI Stock a Buy Heading into Earnings?