Arm CEO More Confident New AI Chip Can Meet Loftier $2B Revenue Goal

Arm CEO Rene Haas told CNBC that confidence in the ability to supply the new AGI CPU server chip for a $2 billion goal grew from May to September. The official revenue forecast remains at $1 billion.

• Arm first disclosed $2 billion in demand at its May earnings meeting
• Official revenue forecast for the AGI CPU is $1 billion
• AGI CPU is Arm's first own server chip, not a license
• Arm shares are 45% below their June high of $452