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May 21, 2026 8:11 AM

Jim Cramer Likes ARM 'Very Much' As Stock Jumps 3% Premarket, But Calls Post-Nvidia Surge 'A Little Silly'

Arm Holdings PLC (NASDAQ:ARM) shares rose over 3% in premarket trading on Thursday following Nvidia Corp.‘s (NASDAQ:NVDA) blowout quarterly report, even as CNBC’s Jim Cramer warned that crowning the chip designer as the earnings call’s top beneficiary is overblown.

Market Reaction Deemed ‘Silly’

In a social media post, the Mad Money host revealed that while his charitable trust maintains a significant stake in the company, the immediate sympathy rally felt disconnected from the actual earnings event.

“We have a nice-sized position in ARM, and while I like it very much, it seems ‘a little silly’ that it is last night’s ‘BIGGEST winner’ off of the Nvidia call,” Cramer wrote, urging investors to maintain perspective amid the sector-wide excitement.

We have a nice sized position in ARM and while I like it very much, it seems a little silly that it is last night's BIGGEST winner off of the Nvidia call

— Jim Cramer (@jimcramer) May 21, 2026

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