Citi analyst Andrew Gardiner says Arm‘s (ARM) fiscal 2031 outlook of $25B in revenue and $9 in earnings per share beat even the most bullish of scenarios. While the company’s pivot to manufacturing chips was a poorly kept secret, the news positively surprised as Arm has developed a full server chip with two key AI launch partners in Meta and OpenAI, the analyst tells investors in a research note. Citi keeps a Buy rating on Arm shares with a $190 price target The stock in premarket trading is up 12%, or $16.66, to $151.62.
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