Arm CEO Haas unveils first in-house chip in San Francisco, projects $15B annual revenue by 2031—six times 2025 total—as company shifts from licensing model to compete with customers in AI data center market; Meta is initial customer, stock jumps 6% after-hours.

Arm stock pops 6% as CEO Haas issues $15 billion revenue expectation for new chip

Arm Holdings stock popped 6% in after-hours trading on Tuesday as CEO Rene Haas announced 2031 annual revenue expectations that were more than six times what it was in 2025.Haas unveiled Arm's first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer. CNBC got an exclusive first look at the chip earlier this month, visiting the lab Arm built for it in Austin, Texas.Arm stock closed about 1.5% lower on Tuesday following the chip announcement.Haas said Arm expe...