Arm Holdings Is A 'Strong AI Play' But Not A Buy, Analyst Says
Arm Holdings Is A 'Strong AI Play' But Not A Buy, Analyst Says
Shares of $Arm Holdings (ARM.US)$ had spiked last week on prospects of the company's V9 architecture being used in the new A18 chip for $Apple (AAPL.US)$ iPhone 16.
股票$Arm Holdings (ARM.US)$ 上周由于有消息称Marvell Technology的V9架构将用于新的A18芯片,该公司的股价出现了飙升。 $苹果 (AAPL.US)$ 而对于iPhone 16,该公司的股价已经反映了人们对它作为“强人工智能”公司未来增长的预期。分析师Cody Acree在周一的一份报告中指出。
The company has a proven growth track record and opportunities to continue growing faster than Street expectations, according to Benchmark.
该公司拥有经过验证的增长记录,并有机会继续比街道预期增长更快,Benchmark分析师表示。
While the company is a "strong AI play," the elevated growth expectations are already priced into its stock, analyst Cody Acree said in a note Monday.
分析师Cody Acree在周一的一份报告中指出,尽管该公司是一个“强人工智能”公司,但市场对其增长预期已经在股价中体现出来。
"For now, we are initiating coverage with a Hold rating and setting no price target, as is Benchmark's standard practice," Acree said.
“目前,我们以持有评级开始覆盖工作,并且不设定价格目标,这是Benchmark的标准做法,” Acree表示。
"We believe the company is a unique investment property with solid leverage to the industry's fastest growth drivers, a growing position in the rapidly expanding AI and Data Center markets, and a dominant player in key industry verticals, such as smartphones and a growing participation in the AI PC market," the analyst wrote.
分析师写道:“我们认为公司是一个独特的投资物业,与行业板块最快增长的驱动因素有牢固的关联,不断扩大在迅速扩展的人工智能和数据中心市场中的地位,以及在关键行业垂直领域的占主导地位,例如智能手机和不断增长的人工智能个人电脑市场。”
He added, however, that Apple's iPhone 16 will follow a "piece-meal AI strategy," with Apple Intelligence being launched sometime next month in the U.S. followed by a staggered rollout globally.
不过,他补充说,苹果的iPhone 16将采用“分段式人工智能策略”,随着美国下个月推出Apple Intelligence,随后在全球范围内实行分阶段推出。
Arm's stock trades at twice the forward multiples of direct AI peers, such as $NVIDIA (NVDA.US)$, $Advanced Micro Devices (AMD.US)$, $Broadcom (AVGO.US)$ and $Marvell Technology (MRVL.US)$ , Acree said.
Arm的股票交易倍数是直接的人工智能同行的两倍,如 $英伟达 (NVDA.US)$, $美国超微公司 (AMD.US)$, $博通 (AVGO.US)$和页面。$迈威尔科技 (MRVL.US)$ ,Acree说道。