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Jim Cramer Says He Was ‘Huge Backer’ Of This Chip Stock But Admits To Being ‘Stunned’ By Whopping Surge On Q3 Results

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Arm Holdings plc (NASDAQ:ARM) shares climbed over 25% in premarket after the British chipmaker reported third-quarter results that exceeded expectations, and CNBC Mad Money host Jim Cramer on Thursday lauded the company for its quarterly performance.

What Happened: “I have been a huge backer of Arm Holdings but even I am stunned by this move….,” said Cramer in a post on X, formerly Twitter.

The stock picker has been recommending Arm in a few installments of the CNBC Lightning Round segment since the company went public on Sept. 14, 2023. He …

Full story available on Benzinga.com

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