Arm CEO says tech selloff reflects short-term thinking on AI
Photo: Crypto Briefing
Rene Haas argues investors are missing AI's long-term economic upside, even as Arm shares slid after record quarterly revenue Arm Holdings CEO Rene Haas has a message for the investors dumping tech stocks: you are thinking too small. Haas said the recent tech selloff reflects short-term thinking that follows the US midterm elections. In his view, that thinking overlooks the large long-term economic potential of artificial intelligence. It is a bold stance, given that his own company’s stock was among those getting sold. Haas made the comments alongside Arm’s fiscal second-quarter earnings.
Source: Crypto Briefing
