In addition to growth in the smartphone market, Arcuri sees the AI megatrend spurring expansion in PCs and data centers for Arm.
Arm's data center share should expand even faster, Arcuri said.
Specifically, he forecasts that the company's market share in that space will more than triple from less than 5% in 2023 to the mid-teens in 2028.
"Arm's three decade track record of R & D productivity shows that the R & D investments it is making today will underlie the next decade's stream of high-margin revenue," Arcuri said.
ARM YTD mountain ARM, year-to-date The stock moved about 2% higher in the premarket following the move.
Persons:
Timothy Arcuri, Arcuri
Organizations:
UBS, ARM