Arm CEO looks to set the record straight after the stock's post-earnings tumble

Arm Holdings CEO Rene Haas on Thursday sought to reassure investors about one of the biggest sticking points after its earnings report: Will Arm be able to produce enough of its AI chips to meet demand? In an interview with Jim Cramer on CNBC, Haas said he was "confident" that Arm would secure a sufficient supply of its new central processing units (CPUs) to meet its stated $2 billion in customer demand across fiscal 2027 and fiscal 2028. Arm's fiscal 2027 started last month. "This is not perishable demand, to be clear," Haas said. "This is demand that is firm, sustaining, and very, very robust. Agentic AI puts a huge amount of pressure on the CPU to do all the work around orchestration, scheduling, and the management of these agents. That's only work the CPU can do. So, while we are in the process of securing supply for that additional demand, the demand is not going away. I'm confident we'll get that supply, and I'm also very confident that demand is going to continue." The reason why this matters: That $2 billion figure is double what Arm laid out in March when it announced the chip, branded as the AGI CPU. Investors were excited to see that upward revision in Arm's shareholder letter released after Wednesday night's close, and it helped explain why the stock got an after-hours pop. …