Arm Holdings (ARM) Shares Rise Sharply as CEO Expresses Confidence in $2 Billion Emerging Chip Revenue Target
Shares of Arm Holdings (NASDAQ:ARM) surged by nearly 17% on Monday, extending a five-day winning streak following comments from CEO Rene Haas expressing strong confidence in the company's ability to meet its ambitious revenue target for emerging chips. In an interview with CNBC’s Jim Cramer, Haas noted that demand across data centers, automotive robotics, and edge computing is at record levels but warned of potential supply chain bottlenecks. Arm first outlined a $2 billion annual goal for this segment in May 2026—double the previous target—and has since increased its confidence. Institutional investors also appear bullish; hedge fund holdings rose by over 142% to $3.4 billion, with more funds now invested compared to earlier in the year. The company is set to report Q2 FY2027 earnings on November 4, targeting total revenue of around $1.38 billion and non-GAAP diluted EPS at approximately $0.47.
Tickers: $ARM
Topics: CEO commentary demand trends revenue guidance semiconductors