This chip stock is tumbling. Bullish Evercore ISI thinks it will be worth $1 trillion one day

Shares of CPU-maker Arm Holdings are diving Thursday as concerns about its ability to meet surging chip demand overshadowed better-than-expected fiscal fourth quarter revenue and earnings . But Evercore ISI has nothing but confidence in the semiconductor designer and thinks its market value could one day surpass $1 trillion, putting it in league with other megacaps like Nvidia , Apple , Alphabet and Microsoft . …