The A.I. Daily
Arm sales climb 27% on AI demand
Arm Holdings reported sales growth of 27%, driven by demand for AI.
Arm Holdings
3 storiesArm Holdings is a UK-based chip designer that licenses CPU architectures and IP to chipmakers. Recent coverage centered on its results: sales rose 27% on AI demand, while its Q3 revenue forecast of about $1.54 billion came in just above the $1.53 billion average estimate but below some projections near $1.7 billion, disappointing investors as its AI data center push has yet to meet expectations. SoftBank also raised its Arm-backed margin loan by $5 billion to $25 billion to fund AI investments.
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Arm's Q3 revenue forecast disappoints investors
Arm forecast Q3 revenue of about $1.54 billion, slightly above the $1.53 billion average estimate but below some projections near $1.7 billion, disappointing investors. The chip designer's AI data center push has yet to meet lofty expectations.
SoftBank ups Arm margin loan to $25 billion
SoftBank increased its margin loan backed by shares of chip unit Arm by $5 billion to $25 billion to help fund its expanding investments in artificial intelligence.
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