Arm Holdings plc (NASDAQ:ARM) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 10, Arm Holdings plc (NASDAQ:ARM) announced Arm Lumex, which is the company’s most advanced compute subsystem platform designed to power AI experiences on flagship smartphones and next-gen PCs.
Management noted that Lumex combines the latest Arm CPUs with Scalable Matrix Extension version 2, powerful GPUs, and system IP to deliver high AI performance, efficiency, and privacy. The company also highlighted that by 2030, SME and SME2 will add over 10 billion TOPS of AI compute across 3 billion devices.
Arm Holdings (ARM) Announces Arm Lumex Platform
The platform is flexible for partners, which means that it allows them to either use Lumex as-is or customize it for their system-on-chip designs. Moreover, key components include the SME2-enabled Armv9.3 CPU clusters for flagship devices, C1-Premium for sub-flagship models, and the new Mali G1-Ultra GPU with advanced ray tracing and AI boosts.
Arm Holdings plc (NASDAQ:ARM) designs and licenses high-performance, energy-efficient computing platforms. It develops CPU, GPU, and system intellectual property used by device makers worldwide.
While we acknowledge the potential of ARM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/arm-holdings-arm-announces-arm-081327571.html
