Arm Holdings reported more than $2 billion in customer demand for its AGI CPU across fiscal 2027 and 2028, a move that takes the chip architecture company beyond licensing designs and collecting royalties when partners ship processors. The AGI CPU gives Arm a chance to sell a finished product, bringing a different set of manufacturing and delivery demands, and customer interest is only a start, with shipped chips and reported revenue to show what the opportunity is worth. Shares of Arm fell 1.24% to $329.06 Wednesday morning, trading 69.5% above the GF Value of $194.14, a gap that puts the focus on execution. The AGI CPU has to deliver meaningful sales alongside Arm's established royalty business for today's valuation to hold up.
USD.AI Announces $128.9M GPU Financing Facility, Its Largest to Date
USD.AI announced a $128.9 million asset-backed GPU financing facility for an undisclosed borrower, the largest loan originated through the platform to date. The facility supports the deployment of 32 NVIDIA GB200 NVL72 systems in British Columbia, Canada, operated by a publicly-listed GPU cloud provider that runs large-scale NVIDIA clusters as a managed service for enterprise customers across North America, South America and Europe. The systems are contracted under a multi-year agreement with a blue-chip investment-grade counterparty. The $128.9 million transaction surpasses USD.AI's previous largest facility, a $98.1 million GPU financing facility announced in June 2026. USD.AI said the deal supports its thesis that the fastest growing demand for credit right now is the Compute Middle Market, a segment where significant AI infrastructure financing demand is met by a relatively limited pool of dedicated capital providers.
Qualcomm Unveils Two New Snapdragon Chips Built for On-Device Agentic AI
Qualcomm has unveiled two new smartphone chips built around agentic AI, the Snapdragon 8 Elite Gen 6 and the Snapdragon 8 Elite Extreme Gen 6. The chips will be built into smartphones from premium Android makers, with Qualcomm's big push centered on on-device AI capabilities. Qualcomm is making this push alongside Intel, AMD and Nvidia, while Apple has been pushing on-device AI in its new laptops, and HP and Dell are also talking up the approach. The pitch is that running AI models directly on a device keeps user information private and avoids the need to sign up for a cloud provider. Qualcomm has been in this space for a while, having previously debuted PC chips for Windows laptops, and the company is now emphasizing GPU, CPU and neural processing unit cores because running AI agents on a device requires a strong CPU to avoid processing delays.
Citi Lifts Micron Price Target to $1,300 on Stronger Memory Pricing
Citi raised its estimates and price target for Micron Technology, citing stronger-than-expected memory pricing as artificial-intelligence demand keeps DRAM and NAND markets tight. Analyst Atif Malik reiterated a Buy rating and lifted his Micron price target to $1,300 from $1,150. Malik models fiscal fourth-quarter 2026 sales of $51 billion and EPS of $31.45, above consensus of $50.8 billion and $31.43, and fiscal first-quarter 2027 sales of $57 billion and EPS of $35.25, above consensus of $56.7 billion and $35.15. Citi now expects blended DRAM average selling prices to rise 20% sequentially in fiscal fourth-quarter 2026 and another 13% in fiscal first-quarter 2027, while NAND ASPs are modeled to jump 34% and 15%, respectively. Malik also models fiscal 2027 capital expenditures of $50 billion, and expects memory-price increases to decelerate over the next four quarters and peak in the second quarter of 2027.
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