Stargate Project & Investment - Stargate 是 SoftBank 和 OpenAI 之间的一个合资企业，旨在对数据中心进行巨额投资 [1] - 宣布了 5000 亿美元的投资计划 [2] - 计划在未来几年内将数据中心扩展到 10 吉瓦 (GW) [2] - 如此大规模的投资和电力需求为 ARM 带来了巨大的创新机会 [2][3] ARM's Role & Opportunities - ARM 目前是 Stargate 项目中 CPU 的首选 [2] - Grace Blackwell (基于 ARM) 是正在使用的设备 [2] - ARM 正在探索更多机会，可能不仅仅是增强 CPU IP，还可能扩展到更多技术栈 [3][4] - 定制化是数据中心提高性能和功效的重要机会，ARM 拥有很多选择 [4][5] - ARM 正在考虑芯片组 (chiplets)，这本质上是使用 ARM IP 以物理形式交付的计算子系统 [4]

Stock Performance - Arm Holdings' U.S-listed shares experienced a sharp decline on Thursday [1] - The decline followed a disappointing profit projection for the current quarter from the chip and software design firm [1]

Core Viewpoint - Arm Holdings experienced a significant decline of over 11%, closing at $144.55, due to increased investment in new product development and a lower-than-expected profit guidance for Q2 [1] Financial Performance - For Q1, Arm reported a revenue increase of 12% to $1.05 billion, with earnings per share (EPS) of $0.35, meeting analyst expectations [1] - Q2 revenue is projected to be between $1.01 billion and $1.11 billion, slightly below the analyst expectation of $1.06 billion; adjusted EPS is expected to be between $0.29 and $0.37, compared to the average analyst estimate of $0.35 [1] Strategic Focus - The company is significantly increasing its spending to capitalize on opportunities in the artificial intelligence (AI) sector [1] - CEO Rene Haas emphasized the commitment to developing technologies that will strengthen Arm's position in the AI field, acknowledging that short-term spending increases may impact profits but will drive stronger long-term growth [1]

Group 1 - Arm Holdings' shares fell 12% following the release of its earnings guidance, which was below Wall Street expectations [1] - The company projected second-quarter adjusted earnings between 29 cents and 37 cents per share, while Wall Street had anticipated 35 cents [1] - Arm forecasted second-quarter revenue of $1.01 billion to $1.11 billion, aligning with consensus estimates of $1.05 billion [1] Group 2 - CEO Rene Haas indicated that Arm is exploring the possibility of designing its own processors, moving beyond its current architecture [2] - The company has established its reputation by selling the architecture for chips used in devices from major companies like Microsoft and Amazon [2] - Haas mentioned the potential for developing additional subsystems, chiplets, or complete solutions [2]

Proactive has always been a forward looking and enthusiastic technology adopter. About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications acros ...

Core Viewpoint - Arm Holdings experienced a significant decline of over 11%, closing at $144.55, due to increased investment in new product development and a lower-than-expected profit guidance for Q2 [1] Financial Performance - For Q1, Arm reported a revenue increase of 12% to $1.05 billion, with earnings per share (EPS) of $0.35, meeting analyst expectations [1] - Q2 revenue is projected to be between $1.01 billion and $1.11 billion, slightly below the analyst expectation of $1.06 billion; adjusted EPS is expected to be between $0.29 and $0.37, with the average analyst estimate at $0.35 [1] Strategic Focus - The company is significantly increasing its spending to capitalize on opportunities in the artificial intelligence (AI) sector [1] - CEO Rene Haas emphasized the commitment to developing technologies that will strengthen Arm's position in the AI field, acknowledging that short-term spending increases may impact profits but will drive stronger long-term growth [1]

Arm正不断增加支出以更好地把握人工智能热潮机遇。公司首席执行官勒内·哈斯(Rene Haas)在采访中 表示，Arm致力于研发能巩固自身在AI领域地位的技术。他指出，短期来看，支出激增会影响利润，但 长期将推动公司更强劲地增长。"我们做出了加大投资的明确决定，正在加速研发投入。" 智通财经APP获悉，周四，Arm Holdings(ARM.US)跌超11%，报144.55美元。消息面上，该公司因加大 新产品研发投入，发布了低于预期的第二财季利润指引。第一财季业绩报告显示，截至6月的第一季 度，Arm营收增长12%至10.5亿美元，每股收益为35美分，均符合分析师预期。展望未来，Q2营收预计 为10.1亿至11.1亿美元，分析师预期为10.6亿美元;剔除部分项目后每股收益预计为29至37美分，而分析 师平均预期为35美分。 ...

Core Insights - ARM Holdings has seen a stock increase of approximately 28% since January 2025, driven by its competitive chipset designs against AMD and Intel [2] - The company reported Q4 FY'25 revenue of $1.24 billion, marking a 34% year-over-year increase, and is positioning itself as a key player in the AI and data center CPU markets [2][3] Financial Performance - ARM's revenue has grown significantly, with a 41.2% average growth rate over the last three years, compared to 5.3% for the S&P 500 [7] - In the past 12 months, ARM's revenues increased by 23.9%, from $3.2 billion to $4.0 billion, while the S&P 500 saw a growth of 4.4% [7] - The latest quarterly revenue reached $1.2 billion, a 33.7% increase from $928 million a year prior, compared to a 4.5% improvement for the S&P 500 [7] Profitability Metrics - ARM's operating income over the last four quarters totaled $831 million, resulting in an operating margin of 20.7%, which is higher than the S&P 500's 18.3% [8] - The net income for ARM during the same period was $792 million, yielding a net income margin of 19.8%, compared to 11.9% for the S&P 500 [8] Financial Stability - ARM's debt stood at $356 million with a market capitalization of $173 billion, leading to a low debt-to-equity ratio of 0.2%, significantly lower than the S&P 500's 22.8% [9] - The company holds $2.8 billion in cash, which is 31.6% of its total assets of $8.9 billion, compared to the S&P 500's cash-to-assets ratio of 6.7% [9] Market Position and Strategy - Major hyperscalers like Amazon, Microsoft, and Google are increasingly adopting ARM's designs, particularly the Armv9 architecture, for their AI infrastructures due to its energy efficiency [3] - ARM aims to capture 50% of the data center CPU market by the end of 2025, up from 15% in 2024, reflecting its current momentum [3]

Arm(ARM.US)跌超13.6%，报141.07美元。消息面上，Arm公布，首财季营收增长12%至10.5亿美元， 略低于分析师预期的10.6亿美元；净利润同比下降41.7%至1.3亿美元，每股盈利35美仙，符合预期。 Arm预期，第二财季营收将介乎10.1亿至11.1亿美元，市场预期为10.6亿美元；每股盈利介乎29至37美 仙，市场预期为35美仙。公司指，正在增加支出，以更好发展人工智能，支出激增短期内会影响利润， 但长期来看将有助于公司实现更强劲的增长。(格隆汇) ...

Market Overview - US stock index futures are all up before the market opens, with Dow futures rising by 0.27%, S&P 500 futures up by 0.94%, and Nasdaq futures increasing by 1.33% [1] - European indices show mixed results, with Germany's DAX down by 0.17%, UK's FTSE 100 up by 0.39%, France's CAC40 down by 0.32%, and the Euro Stoxx 50 down by 0.51% [2][3] - WTI crude oil prices fell by 0.54% to $69.62 per barrel, while Brent crude oil dropped by 0.69% to $71.97 per barrel [3][4] Economic Indicators - The US core PCE year-on-year rate exceeded expectations, recording 2.8% for June, the highest since February, against a market expectation of 2.7% [5] - Goldman Sachs warns of pressure on US long-term Treasury bonds and the dollar due to the large fiscal deficit, while indicating that the US stock market may continue to rise [5] Company Earnings and Forecasts - Apple (AAPL.US) is expected to report Q3 earnings of $1.42 per share and revenue of $89.1 billion, showing a year-on-year earnings growth of 1.4% and revenue growth of 3.9% [7] - Amazon (AMZN.US) is projected to achieve Q2 revenue of $162 billion, a year-on-year increase of 9.5%, with operating profit expected to rise by 13.8% [8] - Microsoft (MSFT.US) reported Q4 revenue of $76.44 billion, exceeding expectations and showing an 18% year-on-year growth, with net profit increasing from $22.04 billion to $27.23 billion [9] - Meta (META.US) reported Q2 revenue of $47.52 billion, a 22% year-on-year increase, and expects Q3 revenue between $47 billion and $50.5 billion [10] - Qualcomm (QCOM.US) reported Q3 revenue of $10.37 billion, which was below analyst expectations, with mobile chip revenue also falling short [12] - Ford (F.US) warned of a potential 36% drop in profits this year due to the impact of tariffs, highlighting significant policy changes affecting the automotive industry [13] Other Notable Developments - Arm (ARM.US) reported a 12% revenue growth to $1.05 billion, but Q2 outlook fell short of expectations [11] - Good Future (TAL.US) reported a 38.8% year-on-year revenue increase in Q1, with net profit reaching $31.28 million [14] - Unilever (UL.US) exceeded sales growth expectations in Q2, driven by strong demand in North America and Europe [14]