India, Aug. 11 -- I originally developed this analysis on June 2, nearly two months before Arm Holdings reported its latest quarterly results. My thesis was that Arm was evolving from the architecture behind smartphones into a foundational computing platform spanning personal computers, cloud servers, artificial intelligence infrastructure, and physical AI.

The company's latest earnings call did not merely support that thesis. It showed that the transition is occurring faster in data centers than the market had recognized.

In my October 20, 2025 Guidepost article for the George Gilder Team under Eagle Financial Publishing, "Arm at the Edge-Apple's AI Paradox," I argued that Arm occupied a unique position because its architecture sat ben...