During a recent episode of Mad Money, a caller asked Jim Cramer about Arm Holdings plc (NASDAQ: ARM) stock. The caller noted holding the stock for a year and experiencing a 23% loss.
Cramer responded, "You know, I gotta tell you, something's going on. I mean, we gotta get Rene Haas on. I mean, the stock has just been in freefall, and that's not right. Maybe it's because the price-to-earnings multiple got too high. I would hold it. I can't tell you to add any until we find out definitively that... [if] SoftBank's selling its stake or something because man, this thing's been nasty."
In the same episode, Cramer also commented, "Oh, Arm Holdings, that's Rene Haas. I think he's doing a real good job. I don't know why the stock keeps going down. I think I'm a buyer, not a seller. What can I say? I think Rene is doing a good job."
The episode aired on January 9. Arm Holdings designs and licenses CPU architectures, system IP, and software for automotive, computing, consumer, and IoT applications.