Squawk on the Street Alphabet's Blockbuster AI Spending Plans, Chips On The Move, & LIVE: Arm CEO Talks Results 2/5/26
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Feb 5, 2026 
Rene Haas, CEO of Arm Holdings — a chip-architecture leader — discusses Arm’s financial results and the company’s role in AI and data-center compute. He breaks down licensing and royalties, addresses memory-shortage effects, and explains hyperscaler adoption and the long-term growth story in compute. The conversation focuses on AI-driven capex, chip market moves, and Arm’s roadmap for data-center royalties.
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Alphabet's Massive AI CapEx Push
- Alphabet plans to massively increase CapEx to build owned AI compute and data-center capacity.
- That spending reflects long-term planning and accelerated depreciation benefits that make the investment sensible now.
Listen Before You Sell
- Don't sell into post-earnings noise without listening to the full conference call.
- Jim Cramer recommended parsing the call (or running it through an AI) before making knee-jerk trades.
Memory Shortages Hitting Chip Stocks
- Memory supply constraints are rippling through chip suppliers and handset vendors.
- Qualcomm and other chip names faced downgrades partly because memory shortages limited customer builds.