Arm Holdings’ IPO saga – Part 2

In this second of three articles looking at the Arm IPO, we discuss alternative architectures for AI, try to answer why Arm’s GPU doesn’t have more of a desktop and data center play, and think about the elephant in the Arm data center: China. What do we think? At one point, it looked like a falling out with Arm China, Arm’s largest customer, might even scupper the IPO. That’s no longer the case, but we don’t think the drama in China is finished yet, and sensitivity about the market has limited Arm’s ability to sell GPUs for the desktop and the