Arm is up another 5% so far today.
Since the pullback in April, it has been up 40% since.
However, the company is way overvalued based on P/S, P/E and forward P/E. The company hasn’t proved itself yet, and for me is just riding the Nvidia wave.
Apple held the conference yesterday + analysts upgraded the stock, and yet it’s only up 6% today. Why is Arm up 5% today? The price now sitting at 145 is also way way way up from consensus price.
Who’s buying that? Momo crowd?
