Arm stock soars 49% on strong AI charged forecast

Shares of Arm Holdings (ARM) are jumping to all-time highs, as the company posted its fourth-quarter earnings that beat Wall Street expectations on both the bottom and top lines, with solid revenue growth of 14% to $824 million. The company also released its forecast for its first quarter looking for a revenue growth of 38% at the midpoints of its range.

Moor Insights & Strategy Founder, CEO & Chief Analyst Patrick Moorhead joins Yahoo Finance to discuss the explosive gains from Arm, how and why they might continue, and other ways investors may try to take advantage of this AI boom.
Moorhead offers some insight to where investors should start looking for the next big play: "For every Arm win, you have a customer that's winning. Who is Arm's largest customer? It's Qualcomm (QCOM), from a licensing standpoint. Others ones are folks like like Amazon Web Services (AMZN), folks like media tech. People who are benefiting from that, so that's the first place that I would look which are, what are some of the companies that are benefiting that may be potentially overlooked out there? I think that's the first place I would start. "
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