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Arm Royalties Double, Jensen Huang Probe & AI Financing Cracks
Audio is available on Spreaker — see link below.
Arm's data-centre royalties more than doubled year-over-year as every major hyperscaler ships Arm-based silicon — then Jensen Huang lands under congressional scrutiny and AI infrastructure financing shows its first structural cracks. Six stories that matter for anyone tracking the hardware layer of AI.
Audio is available on Spreaker — see link below.
Arm's data-center royalties more than doubled year-over-year last quarter, and that single number tells you more about where the semiconductor industry is heading than almost anything else right now. Here's the structural reality.
Which makes Google's latest move worth pausing on. For its TPU eight-tx accelerator, Google chose AMD's fifth-generation EPYC Turin as the host processor rather than its own Axion CPU.
Meanwhile, the story with the most systemic risk right now has nothing to do with chip specs. Nvidia's CEO Jensen Huang is under investigation following allegations of a relationship with an individual described as a Chinese intelligence asset.
Separately, a report surfaced that TSMC is exploring three-dimensional DRAM production, apparently at Nvidia's request. TSMC denied it the same day.
The financing layer is showing stress in a way that wasn't visible six months ago. OpenAI's latest round came in at eleven billion dollars against a target of thirty billion, implying a one point two five trillion dollar valuation that investors clearly weren't fully willing to support.
Back to Arm. The stock is down thirty-four percent in the past month but up eighty-five percent year-to-date.
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