Arm jumps on upbeat revenue projections from new AI chip

Cloudflare

25/03/2026 08:31

** U.S.-listed shares of chip designer Arm Holdings ARM.O surge around 10% to $148.78 premarket

** ARM unveiled AGI CPU chip for AI data centers, targeting $15 bln annual revenue from it in about 5 years

** CEO said co to generate annual EPS of $9, revenue of $25 bln in 5 years

** "Arm has not taken a baby step... it has jumped in with both feet, developing the highly performing and energy efficient Arm AGI CPU," Citi says

** Arm's customers for new chip include OpenAI, Cloudflare NET.N, SAP SAPG.DE, SK Telecom 017670.KS

** 25 of 40 brokerages rate ARM "buy" or higher, 13 "hold," 2 "sell" or lower; median PT is $155 - LSEG data

** YTD, as of last close, ARM up 23.5%

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com;))