Bloomberg Tech Tech Earnings: Google’s Spending, Arm’s AI Data Center Push
21 snips
Feb 5, 2026 
Cristiano Amon, Qualcomm CEO, talks diversification into automotive, IoT, robotics and data-center products. Rene Haas, Arm CEO, outlines record revenue and fast data-center royalty growth. They discuss memory-driven handset impacts, cloud capex and a big AI infrastructure build-out. Short, lively conversation about chip cycles and where compute money is flowing.
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Record Quarter Despite Memory Woes
- Arm's quarter delivered record revenue and royalties, beating expectations with $1.24bn revenue and ~$740m royalties.
- Rene Haas emphasizes diversification across products reduces handset-related memory impact.
CPU Role Expands With Agentic AI
- Arm sees a clear inflection toward data center workloads becoming larger than handset revenue in the coming years.
- Rene Haas attributes this to more ARM cores per server chip and agentic AI shifting work to CPUs.
CapEx Validates Long AI Runway
- Massive cloud CapEx (Alphabet's $185bn) validates an accelerating data center buildout.
- Rene Haas says continued large-scale investment gives Arm a long runway across enterprises and health and drug discovery.