ARM is crazy overvalued… does it matter?

- ARM stock has risen almost exactly 100% since April 19, but is currently overvalued with a market cap of 182 billion dollars - ARM had normalized net income of $395 million in 2023 despite a P/E of 600+ - ARM benefits from the AI wave and use of their architecture in mobile devices and computer chips, but they don't design or build chips themselves - Analysts continue to recommend buys and increase price targets for ARM, but caution is advised in investing in the company due to its overvaluation and unpredictable market behavior.