Aptus Capital Advisors Portfolio Manager David Wagner to discuss expectations for the IPO market ahead of Arm's launch and where the company will fit into the tightening tech landscape amid AI trends.
"You're going to have to pay basically an arm and leg for valuation coming in here — the thing's going to be traded at 89 times forward earnings, 26 times sale," Wagner says. "Everyone [will] pigeonhole Nvidia as probably the closest competitor, and they trade at about 22 times sales and 32 times earnings so much less than Arm."
