Squawk on the Street SOTS 2nd Hour: You Meta Believe It, Microsoft $4T, plus – ARM CEO, NYSE Pres. Talks Figma IPO 7/31/25
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Jul 31, 2025 
Joining the discussion is Rene Haas, CEO of ARM, a leading chip designer crucial for powering AI. He dives into ARM's impressive financial performance and its pivotal role in the tech market, especially in China. The conversation shifts to the impact of inflation and interest rates on the tech landscape, highlighting ARM's innovation amidst challenges. They also touch on the IPO buzz surrounding Figma and how tech companies like Meta and Microsoft are navigating earnings amidst evolving economic conditions.
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Fed's Inflation Caution Amid Tariffs
- Inflation remains a concern for the Federal Reserve, despite steady PCE readings.
- Fed Chair Powell emphasizes caution before cutting interest rates due to tariff-driven inflation risks.
ARM's Rise and AI Strategy
- ARM's growth is fueled by software ubiquity and energy-efficient design.
- ARM aims to exceed 50% data center CPU market share, driven by AI workloads and partnerships.
Stock Picker's Market Amid Uncertainty
- Market is increasingly a stock picker's market amid tariff uncertainty.
- Big tech's AI potential sustains valuations despite broader economic caution.