Bloomberg Tech Arm Disappoints with Outlook, Vanguard Slashes Fees
Feb 7, 2025
Ben Harburg, founder of Core Values Alpha and managing partner of Novo Capital, dives into the implications of DeepSeek and the future of AI. He discusses the booming investor interest in AI and its transformative effects on technology infrastructure, particularly in establishing major AI data centers. Harburg also highlights the unique challenges in the tech and gaming industries, especially for companies like Roblox. Additionally, he shares insights on the necessity for U.S. startups to bolster their infrastructure in the face of global competition with China.
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Conservative Forecast Impacts Arm Holdings
- Arm Holdings beat earnings expectations, but offered a conservative forecast, causing share drops.
- This reflects investor anxiety about the smartphone market and its potential impact on chip providers.
Arm CEO Sees Strong Performance
- Arm Holdings CEO René Haas believes the company's performance is strong, with accelerating demand driven by AI.
- Their version 9 compute subsystems are growing faster than anticipated, driving higher royalty rates.
Arm's Role in Stargate Project
- Arm is a key technology partner in the $500 billion Stargate infrastructure project, supplying CPUs.
- This project involves building the world's largest AI data centers, creating growth opportunities for Arm.