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Monday, 04/15/2024 4:25:14 PM

Monday, April 15, 2024 4:25:14 PM

Post# of 364056
Arm initiated with an Outperform at Evercore ISI
Evercore ISI initiated coverage of Arm with an Outperform rating and $156 price target. The firm views Arm as a play on three "tectonic" shifts in computing, namely in the cellphone, as AI workloads demand more processing power; in the datacenter, as the center of gravity of CPUs shifts from x86 to Arm; and in internet-of-things, as a 10x unit growth play.

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