Arm beats second-quarter revenue estimates on AI and data-center demand

Arm has exceeded its second-quarter revenue estimates, driven by strong demand for AI and data-center technologies. Simultaneously, Qualcomm is executing a strategic pivot toward AI infrastructure, projecting its data center revenue to surpass $650 million during the December quarter. These financial results and targets underscore a broader industry trend where both companies are leveraging AI growth to enhance their market positions and increase reliance among their customer bases within the expanding data center sector.