Investors are turning to Arm Holdings, whose stock has surged since its IPO. Morgan Stanley's Lee Simpson suggests it could rise 130% more to $300 per share. Some investors see the artificial intelligence stock as the "next Nvidia due to its dominance in mobile device processors and growth in other markets. Arm has a business model that licenses its CPU architecture and intellectual property to customers, who then build custom chips using Arm's IP. This reduces customers' R&D costs.
