Long Position on ARM @ $163.50 on 7/23/2024 (Fundamentals)

Arm Holdings plc (ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products.

The company is involved in the licensing, marketing, research, and development of microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services. It also offers system IP products, including memory controller IP, interconnect IP, and other on-chip peripheral components; and compute platforms for a range of devices and applications.

The company's products are used in various markets, such as automotive, computing infrastructure, consumer technologies, and Internet of things.

It operates in the United States, the People's Republic of China, Taiwan, the Republic of Korea, and internationally.

The company was founded in 1990 and is headquartered in Cambridge, the United Kingdom. Arm Holdings plc operates as a subsidiary of Kronos II LLC.

Entry Point: $163.50

Trading Range: $46.50 - $188.75

Stop Loss: $155.50

Target Price: $179.00

Position closed on 7/26/2024 at price of $155.50 with a -4.89% loss in 3 days.

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