WS #13080
Arm reported record Q1 revenue of $1.29B (+22% YoY), data center royalties doubled, and AGI CPU demand exceeds $2B, reinforcing the AI semiconductor bull case. Microsoft's record cloud quarter and $678B backlog validate AI capex, while Meta's 91% FCF collapse and weak guidance trigger a 9% selloff, creating a sharp MAG7 divergence.
Arm Holdings Beat-and-Raise: AI Semiconductor Bull Case
Arm reported record Q1 revenue of $1.29B (+22% YoY), data center royalties doubled, and AGI CPU demand exceeds $2B, reinforcing the AI semiconductor bull case.
Microsoft's record cloud quarter and $678B backlog validate AI capex, while Meta's 91% FCF collapse and weak guidance trigger a 9% selloff, creating a sharp MAG7 divergence.