$Arm(ARM.US)

Context: What keeps me interested in Arm isn’t the AI hype. It’s how deeply the architecture is already embedded across the industry. Switching away is possible, but after decades of building around it, it’s neither easy nor cheap. That stickiness matters more to me than the hype.

My trade: I bought higher than I should have, so I’m still in the red. But my entry price doesn’t change what the business is worth from here. The thesis hasn’t changed for me, so I’m holding. I’m not adding just because it’s down either.

Takeaway: The market doesn’t care where you bought. What matters is whether the reason you bought still holds. For me, ARM still does.