Arm Holdings made headlines on June 2 with two major catalysts that sent its stock up over 14% intraday. First, CEO Rene Haas disclosed that ByteDance and Oracle are using the company’s AGI central processing units (CPUs) for AI data centre workloads. The revelation came during Haas’s appearance at Computex in Taipei, where he identified the two technology giants as customers, although deployment details, commercial terms, and volumes were not shared. The news underscored Arm’s expanding footprint in the AI infrastructure market beyond its traditional smartphone stronghold.
Second, Nvidia used its Computex keynote to unveil two new chips built entirely on Arm architecture. The RTX Spark Superchip, co-designed with MediaTek, is an AI PC processor targeting premium Windows laptops and desktops, with more than 30 designs from brands like Microsoft, Dell, HP, Asus, Lenovo, and MSI expected to launch this fall. Nvidia CEO Jensen Huang described the chip as capable of running complex AI agents directly on devices without relying on the cloud. Additionally, Nvidia introduced the Vera data centre processor, also Arm-based, set to ship in Q3 2026. Both products generate royalties for Arm under its licensing model, reinforcing its position in the AI-driven semiconductor boom.
The announcements drove Arm’s stock upward as investors reacted to the expanding use of its architecture. Mizuho raised its price target on Arm to $425 from $360, maintaining an Outperform rating, citing resilient smartphone demand and growth from cloud, AI, and custom chip deployments. Arm had already posted strong fiscal 2026 results with Q4 revenue of $1.49 billion (up 20% YoY) and data centre royalties more than doubling. CEO Haas also noted that committed customer demand for the AGI CPU had grown to over $2 billion across fiscal 2027–2028, double the figure cited at the product’s launch.
