ARM
Arm Holdings plc
stock NASDAQ ADR

MAJOR NEWS:
* NVDA earnings after close
* Trump said Saudi Arabia has agreed to invest $600 billion in the US, adding the figure “could go up” and “could even go to $1 trillion.”
* TRUMP: WORKING ON APPROVING ADVANCED CHIPS FOR SAUDI
MAG7:
* NVDA expanding its Ai partnership with MSFT Azure’s new Fairwater “AI superfactory” will run hundreds of thousands of Blackwell GPUs, including over 100,000 Blackwell Ultra GB300 NVL72 systems worldwide, with new NC-series VMs and Nemotron/NeMo integrations coming to SQL Server 2025 and Microsoft 365.
* Nvidia chip shift to smartphone-style memory to double server-memory prices by end-2026 — Counterpoint
* TSLA - GETS APPROVAL FOR AUTONOMOUS RIDESHARE SERVICE IN ARIZONA
* MSFT - Guggenheim reiterates Buy, maintains 𝐏𝐓 𝐚𝐭 $𝟔𝟕𝟓. Analyst sees MSFT cementing AI leadership as enterprise-ready platform post-Ignite, with momentum across copilots, governance, and data integration.

OTHER NEWS:
* WIX earnings. "Wix reported revenue/FCF of $505mn/$159mn (ex-acquisition costs), above Street at $502mn/$153mn. Business Solutions accelerated 8pts to 20% Y/Y growth, well above BofAe at 17% prior, driven by Commerce & business applications (Google Workspace). GAAP Op. Income turned negative due to $32mn in acquisition expenses related to Base44 and HourOne. Non-GAAP Operating Income of $90mn missed BofAe at $93mn due to higher marketing, as management called out accelerating Base44 ads & branding."
* CSIQ - Mizuho downgrades to underperform from outperform, raises PT to 21 from 15. "We double downgrade to Underperform as the recent run in the stock price reflects a higher growth multiple for CSIQ's battery storage business, solar multiple expansion, while the impact of US factory resolution remains uncertain. We raise our PT by 40% to $21 owing to peer solar multiple expansion. Our PT is based on 9x 2026 solar EBITDA (maintaining a two-turn discount to peers), 10x BESS EBITDA (normalized sector multiple, unchanged), and \~$2/sh value from US factory sale."
* ALKS - Alkermes has raised its bid for AVDL to as much as $22.50 per share, with $21 in cash and up to $1.50 via a CVR tied to FDA approval of LUMRYZ for idiopathic hypersomnia by the end of 2028, valuing the deal at about $2.4B if the milestone hits.
* ARM - South Korea’s antitrust regulator has carried out an unannounced inspection ofARM's Seoul office after a Qualcomm complaint that Arm is tightening access to its chip designs after years of open licensing.
* BAM - Brookfield is raising a $10B AI infrastructure fund, with $5B already committed from investors including NVDA, the Kuwait Investment Authority and its own balance sheet. It aims to build or buy up to $100B of data centers, dedicated power and semi infrastructure.
* MP - Goldman initiates at Buy, PT 77. MP is set to become the largest vertically integrated rare earth magnet supplier in North America and control >90%, per GSe, of the continent's NdPr production. This positions MP uniquely to capture market share from China-based producers/refiners as domestic manufacturers look to diversify supply chains. MP has agreements with GM for magnet offtakes and AAPL for a build out of recycling capabilities as well as magnet production. Additionally, a key partnership between MP and the US Department of War (DoW) provides for an accelerated expansion of downstream magnet production while PPAs for NdPr sales guarantee a minimum price and reduce commodity risk. As a result, we expect the accelerated vertical integration to drive meaningful profitability and sales growth into the end of the decade
* DASH - Jefferies upgrades to Buy from Hold, raises PT to 260 from 220. "We believe DoorDash's 2026 outlook helped lower expectations, providing flexibility for both long-term investments and upside to consensus. In addition, faster growth in US restaurant delivery over the past four quarters makes us more bullish on the growth runway for DASH's most profitable business. With the stock down 20% in the past 30 days, we upgrade to Buy from Hold given DASH's strong execution and growth algorithm now appear underappreciated."
* PFE - CFO: COMPANY TO LOOK GLOBALLY FOR MORE OBESITY DEALS - WILL LOOK TO SUPPLEMENT METSERA ASSETS
* EOSE - is raising capital via a registered direct common stock offering and a separate $500M private convertible senior notes deal due 2031, with a $75M option. Proceeds will help retire part of its 6.75% 2030 converts and for general corporate needs. Goldman Sachs is placement agent.
* CEG - is set to get a $1B US government loan to restart the Three Mile Island reactor, a $1.6B project targeting a mid-2027 return as the Crane Clean Energy Center.
* WBD - board is reportedly pushing Paramount to raise its offer to around $30 per share and is aiming to get a deal done before the end of 2025 - Axios
* MMM- Mizuho reiterates Neutral, raises 𝐏𝐓 𝐭𝐨 $𝟏𝟔𝟎. Analyst sees solid Q3 beat with margin expansion and higher product launch targets lifting estimates.
* VERX - Oppenheimer reiterates Outperform, cuts 𝐏𝐓 𝐭𝐨 $𝟏𝟖 Analyst sees value in core X-ray platform and optionality in new tech, despite near-term revenue and margin pressures.
* LLY - Truist reiterates Buy, raises 𝐏𝐓 𝐭𝐨 $𝟏,𝟏𝟖𝟐. Analyst sees Medicare reimbursement deal and obesity pipeline strength boosting long-term upside.
* RIOT - Citizens initiates with Market Outperform, sets 𝐏𝐓 𝐚𝐭 $𝟐𝟓. Analyst highlights RIOT’s power advantage and transition to data center market amid deepening supply shortage.
* FOUR: Truist maintains Hold, cuts 𝐏𝐓 𝐭𝐨 $𝟕𝟒. Analyst lowers PT citing organic growth uncertainty in key verticals despite higher reported volumes and bottom-line estimates.
* ALB -BMO reiterates Outperform, raises 𝐏𝐓 𝐭𝐨 $𝟏𝟑𝟔. Analyst lifts target on earlier lithium ASP ramp and stronger demand signals, especially from China.
* XPEV - Goldman Sachs reiterates Buy, raises 𝐏𝐓 𝐭𝐨 $𝟐𝟓. Analyst expects better seasonality, strong 2026 growth, and first full-year GAAP profit despite near-term volume softness.
OTHER NEWS:
* BREAKING: The Trump administration has been secretly working in consultation with Russia to draft a new plan to end the war in Ukraine, per Axios
* BLS: Producer Price Index for September to be Released November 25. U.S. Import and Export Price Indexes for September to be Released December 3
* China’s 10Y yield is sitting around 1.81%, barely above Japan’s 10Y at 1.77% and on track to dip below it for the first time, ever.
* Indonesia’s new sovereign wealth fund Danantara lined up a $1B three year multi-currency revolver underwritten by DBS, HSBC, Standard Chartered and UOB, with an option to scale it up to $10B.Funds are for acquisitions and investments as it manages about $1T in SOE assets.
* BlackRock’s spot Bitcoin ETF has saw its biggest outflow since launch. About $523M left IBIT on Tuesday, the 5th straight day of redemptions. US spot Bitcoin ETFs have had over $3B pulled so far in November as Bitcoin is now almost 30% off its October high.
* The Dutch government has suspended its emergency powers over chipmaker Nexperia, handing control back to Chinese owner Wingtech “as a show of goodwill,” after Beijing eased export curbs on chips from its China plant.
* South Korea’s finance minister Koo Yun Cheol says the government is ready to step in to stabilize FX and bond markets after the won neared a 16 year low.

Why?
There is a 'ARM' is better narrative, but i havent really bought it.
It was pushed forward by the M1 chip, but when that came out, it was on N5. The first Zen chip to be on N5 was Zen 4, 2 and a half years later.... IIRC Zen4 was vastly better than the m1 chip.
Apple just had a node advantage for so long, which ran into their narrative that ARM is better.

Wait until ARM translation really kicks off with the work Valve is starting to do. Our current phone hardware can run an insane amount of games with the right translation & availability.

My Argument is such:
1. We are at the end of chip physics. And while some interesting research is ongoing, Quantum remains too complicated and not right for the inference stuff. chips, even ARM, are not efficient enough.
2. We're in a very large sharp 'S Curve', meaning the correction Burry is assumed to happen is completely normal cycle of all tech adoptions. Early adoption of free users was fastest in history due to SaaS nature of AI, but the real utility is greatly limited by energy cost and quality issues.
3. We are ten years away from having the energy grid to handle this reasonably.
4. The AI builders - the people who helped work on cutting edge quantum and LLMs, the engineers, not the CEOs, they all say what I listed above. They say we need different chips that do not exist yet and we need different ways of thinking about it.
5. LLMs have already consumed all the content made by humans. Quality questions remain when taking in their own content in loops of learning. I am just a normal, don't have any expertise.
For these reasons, the S curve on this tech will probably be fast, sharp, and hard. Throw in populations peaking and boomers retiring, you have a lot of down pressure selling on stocks since they own 80+% of them. These retired folks will all start selling homes and stocks starting now, and when they can't get out of their homes for the super high prices they demand, they will need to sell more assets. It's a slower cycle, but they are going to be exiting markets. I think it's pretty basic to be against markets as this generation reserves their gains in their twilight years. No one younger can afford to hold up the market, but the billionaires are trying to preserve their wealth through massive manipulative schemes. Watch all these Boomer Executives retire this year. Like Tim Cook, so he's free of it all when the whole house of cards collapses.
That's my thesis.

Da bin ich total bei dir. NVIDIA, AMD und vor allem ARM sind mir auch zu heikel. Dafür habe ich Apple und Google auch im Portfolio, sowie Microsoft. Aber das sind auch Techgiganten 🤷

PLTR says hello with their 250 PE valuation. Also, ARM with 90 PE. NVDA has good valuation for its earnings

ARM partnership but ARM stock still in the dumps

Maybe. Butvut might not be a bottom yet to go for it. Will see. Best of luck for OP. I am considering $ARM, but need more time to see where it consolidates.

Whatever happened to the 500 billion Masayoshi SoftBank Oracle ARM Nvidia OpenAI Meta giant burning man circle jerk???