5d -10.7%earnings Nov 04in 16d52wk high $439.46 · -48.1%
6-month trend +30.0%
Realized P&L
$0.00
Closed trades
0
Win rate
—
Thesis
LOWwatchliststable
Gerstner bought 1.7M shares ($259.5M) in Q1 2026 — his largest new position after exiting GOOGL. Pure-play on AI architecture (Arm AGI CPU), data center royalty revenue doubled YoY. $2B+ customer demand from Meta/Google/NVIDIA/MSFT/OpenAI for FY2027-2028. $100B+ data center CPU TAM by 2030.
Narrative: Gerstner rotation: exited GOOGL → deployed $260M into ARM. AI picks-and-shovels architecture play, but already +153% since March 31.
Next catalyst: Q2 earnings (Aug), Arm AGI CPU design win announcements, Gerstner Q2 13F confirmation
Max entry: 0 · Entry limit: 0 · Timeframe: research
Research mentions — timeline (1)
newest first · undated last
Altimeter (Gerstner, $9.8B): NVDA 19.2% top holding. NEW: Cerebras 16.2% ($1.60B), MU, Qualcomm, Applied Materials, LRCX ($171M), SpaceX ($303.5M). EXITED AVGO and AXON. Kept: CRWV 6.2%, ARM $582M, META $763M, TSM $683M, AMZN $578M, HOOD/SNOW core. Signal: rotation out of AXON/AVGO into compute-hardware picks-and-shovels. AVGO + AXON watchlist entries lost their initiating guru.
Read-only insight page · assembled Oct 19, 2026 04:21 PM ET · not a trade recommendation; execution only in the agentic account after Raj agrees to a specific trade.