Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments

Written by Emily J. Thompson, Senior Investment Analyst

ARM-2.63%

NVDA+1.53%

TSM+2.29%

Source: CNBC

Updated: Sep 12 2024

0mins

Source: CNBC

ARM

$116.07+Infinity%1D

Analyst Views on ARM

Wall Street analysts forecast ARM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARM is 173.44 USD with a low forecast of 120.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

20 Analyst Rating

14 Buy

4 Hold

2 Sell

Moderate Buy

Current: 119.200

Low

120.00

Averages

173.44

High

215.00

Current: 119.200

Low

120.00

Averages

173.44

High

215.00

Susquehanna

Neutral -> Positive

upgrade

$150

2026-01-21

New

Reason

Susquehanna

Price Target

$150

AI Analysis

2026-01-21

New

upgrade

Neutral -> Positive

Reason

As previously reported, Susquehanna upgraded Arm to Positive from Neutral with an unchanged price target of $150. Recent sell-side competitor downgrades and the significant underperformance of the stock offer "an excellent setup," the analyst tells investors. Investor worries about the effects of higher memory prices on the mobile and PC markets have pressured shares, but the firm views this selloff "opportunistically" as it contrasts well-known market weakness with the potential of two important, data center-related and significant "company-changing" initiatives, namely the development of an AI XPU ASIC and a custom server CPU.

Susquehanna

Neutral -> Positive

upgrade

$150

2026-01-21

New

Reason

Susquehanna

Price Target

$150

2026-01-21

New

upgrade

Neutral -> Positive

Reason

Susquehanna upgraded Arm to Positive from Neutral with a $150 price target.

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Oddo BHF

Neutral -> Outperform

upgrade

$170

2026-01-05

Reason

Oddo BHF

Price Target

$170

2026-01-05

upgrade

Neutral -> Outperform

Reason

Oddo BHF upgraded Arm to Outperform from Neutral with a $170 price target.

BofA

Buy

downgrade

$205 -> $145

2025-12-16

Reason

BofA

Price Target

$205 -> $145

2025-12-16

downgrade

Buy

Reason

BofA lowered the firm's price target on Arm to $145 from $205 and keeps a Buy rating on the shares. The firm reiterates a Buy rating on ARM given continued smartphone and data center v9/CSS adoption and content expansion, but lowers its price target given increasing SoftBank contribution and dependence to meet its near-term growth outlook and limited visibility into the new CPU chipset/silicon business.

About ARM

Arm Holdings plc is engaged in operating a global computing platform. It architects, develops, and licenses high-performance and energy-efficient Arm compute platforms. The Company’s principal operations and activities are the licensing, marketing, research and development of central processing unit (CPU) design intellectual property (IP), graphics processors, system IP, market optimized platform IP, and associated software, tools and other related services. Its complementary products include GPU and NPU accelerators, interconnect, and others. Its primary product offerings are CPU products that address diverse performance, power, and cost requirements. It offers a family of GPU and NPU products providing efficient computing acceleration and an optimal visual experience across a wide range of devices. Its CPU, GPU, and System IP products integrated into a foundational compute platform optimized for a specific end market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.