ARM is an early-stage high-margin play; its CPU market share is projected to grow from 17-18% to 40-50% as it becomes the preferred architecture for key partners.

And that's why people are going nuts here because this is an x86 product, which means you're not paying the ARM licensing fees. ARM stock was up quite a bit today because you have companies like Apple, another beneficiary of the CPU movement.

By the way, remember OpenAI bought tens of thousands of Apple and Mac Studios and Mac minis for a gentic artificial intelligence as OpenAI bought those from Apple and ARM licenses the uh architecture on which these CPUs are programmed. So, their stock was actually up 17% today.

Not a lot of people actually talking about ARM relative to AMD. Apple as a CPU play, think ARM chips.

So, you've got AMD, Intel, you've got ARM, Apple, obviously Meta, which is driving this insanity today.

ARM is though also pretty dang high margin because ARM is probably going to get to somewhere around 17 to 18% of total CPU TAM and I think they're going to grow that to 40 to 50%

and you'll be like one in one competition with AMD for uh x86 architectures because ARM is going to be the product of choice likely to stay this way for Apple and Nvidia and they are coming for the CPU market.

Uh, regarding partnerships though, and this I think is very interesting. Well, you've got Apple and Nvidia with ARM. Google's doing a chip. Uh, Axion with ARM.

You've got Microsoft Cobalt. All of those are ARMbased.

You've also uh uh got ARM partnering with Broadcom and Qualcomm.

We talked about ARM.

it's early for ARM.