This Incredible Technology Stock Has Jumped 89% in 2024. Is It Still Worth Buying?

Arm Holdings (NASDAQ: ARM) stock has been in sizzling form on the stock market in 2024, rising nearly 90% as of this writing thanks to a string of solid results in recent quarters that have bested Wall Street's expectations, and the company's latest quarterly results have further boosted investors' confidence in this British company's growth prospects.Arm released fiscal 2025 second-quarter results (for the three months ended Sept. 30) on Nov. 6, and the stock jumped following the report. Let's look at the reasons why Wall Street gave Arm's results a thumbs up before examining the company's prospects to check if it can sustain its impressive momentum in 2025 as well.Arm delivered fiscal Q2 revenue of $844 million, a jump of 5% from the same quarter last year. The reading was well ahead of the company's guidance range of $780 million to $830 million and also beat the FactSet consensus estimate of $810 million by a handsome margin. Arm's non-GAAP (adjusted) earnings of $0.30 per share also exceeded the guidance range of $0.23 to $0.27 per share. Wall Street would have settled for $0.26 per share in earnings from Arm.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool