AI Infrastructure Market: Arm CEO Confident $2B AI CPU Revenue Goal Achievable

Arm Holdings CEO Rene Haas told CNBC's Jim Cramer on September 16, 2026, that the company is increasingly confident it can meet Wall Street's $2 billion revenue target for its new in-house data center CPU, the AGI CPU. The demand for the chip has been strong, but investors have focused on Arm's ability to secure sufficient manufacturing capacity to convert that demand into revenue. Haas noted that confidence in achieving the $2 billion figure has grown from May to July and further strengthened by September. The AGI CPU marks a significant expansion of Arm's business model, moving from licensing chip designs to selling complete chips. Arm first disclosed $2 billion in demand in May, double its initial $1 billion outlook, but maintained a conservative official outlook until supply confidence improved. Shares have declined about 45% from their June high after a parabolic run earlier in the year.