Arm CEO Rene Haas stressed earlier today that his firm continues to see tailwinds from AI demand. The firm’s shares dropped by more than 4% at market open today after investors sold the stock on worries about lower AI demand. Haas appeared in an interview on CNBC, during which he stressed that his firm’s CPUs work alongside NVIDIA’s GPUs in AI computing and are widely used in general-purpose computing data centers. He also praised President Trump’s $500 billion Stargate AI project, which he believes will create huge opportunities for technological innovation. Haas added that Arm is the CPU vendor of […]
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