Arm Holdings plc (NASDAQ:ARM) is one of Jim Cramer’s latest stock calls as he discussed the bullish AI investment thesis amid the Iran conflict. Cramer noted that the company is becoming “increasingly important” to the semiconductor industry, as he stated:

As we celebrate all things AI at NVIDIA’s annual conference, I want to highlight a company that’s become increasingly important to the entire semiconductor industry: Arm Holdings. This semiconductor design company cut its teeth providing CPU designs that maximize energy efficiency, especially for smartphones. That expertise has made Arm the preferred partner for many AI systems, including NVIDIA’s. That said, for some reason, the stock has been stuck in a rut, trading…