adventtr The Middle East war has pulled the gold-crude ratio sharply lower this month, and in order to understand the slump, it is useful to look back at 2020, when the ratio surged to record highs during the pandemic. That episode highlighted how strongly the ratio responds to large, asymmetric shocks in either demand or supply, Saxo Bank said in a note on Tuesday. In 2020, the global economy exp...
adventtr The Middle East war has pulled the gold-crude ratio sharply lower this month, and in order to understand the slump, it is useful to look back at 2020, when the ratio surged to record highs during the pandemic. That episode highlighted how strongly the ratio responds to large, asymmetric shocks in either demand or supply, Saxo Bank said in a note on Tuesday. In 2020, the global economy experienced a severe demand shock. Energy consumption collapsed, sending crude prices sharply lower, while gold rallied as central banks cut rates aggressively and injected liquidity to stabilise growth. The ratio moved higher because oil weakened at the same time as gold strengthened. "The current environment is effectively the mirror image," Ole Hansen, head of commodity strategy at Saxo Bank said, adding that what "we are dealing with today is primarily a supply shock in energy markets, centered on the Middle East and disruptions to key export flows. This has driven a sharp increase in crude prices as physical markets tighten, particularly in refined products." Meanwhile, gold, which up until recently enjoyed a record run of gains, has come under pressure—not necessarily because its longer-term drivers have disappeared, but due to a shift in the macro backdrop, Hansen noted. Gold vs oil prices since Middle East conflict (Seeking Alpha) Higher energy prices are feeding into inflation expectations, which in turn are pushing bond yields higher and forcing markets to reassess the timing and extent of rate cuts. This tightening in financial conditions reduces the appeal of non-yielding assets such as gold in the short term. In addition, there is a clear liquidity component . "Following a prolonged rally, gold had become a crowded long. In periods of cross-asset stress, gold is often sold not because it is fundamentally weak, but because it is one of the most liquid assets investors can tap to meet margin calls or rebalance portfolios. This dynamic appears to have played an impor...
An investigation is under way into an arson attack on four ambulances belonging to a Jewish charity in north London. Efforts are being made to verify a claim of responsibility by a group known as Harakat Ashab al-Yamin al-Islamia (HAYI). Security sources have cautioned against a rush to tie Iran to arson and it has not so far been designated as a terrorist incident. Nosheen Iqbal speaks to chief r...
An investigation is under way into an arson attack on four ambulances belonging to a Jewish charity in north London. Efforts are being made to verify a claim of responsibility by a group known as Harakat Ashab al-Yamin al-Islamia (HAYI). Security sources have cautioned against a rush to tie Iran to arson and it has not so far been designated as a terrorist incident. Nosheen Iqbal speaks to chief reporter Daniel Boffey Continue reading...
M-Production/iStock Editorial via Getty Images Thesis This would be my first time covering Ermenegildo Zegna N.V. ( ZGN ). It's an iconic Italian luxury fashion company that focuses on high-end clothing and accessories, designing, producing, and selling products under brands such as ZEGNA, Thom Browne, and Tom Ford Fashion through retail stores and online channels around the world. Seeking Alpha A...
M-Production/iStock Editorial via Getty Images Thesis This would be my first time covering Ermenegildo Zegna N.V. ( ZGN ). It's an iconic Italian luxury fashion company that focuses on high-end clothing and accessories, designing, producing, and selling products under brands such as ZEGNA, Thom Browne, and Tom Ford Fashion through retail stores and online channels around the world. Seeking Alpha After almost a 2-year performance slump, the stock seems to be coming back to life, with one-year momentum almost triple that of the broader market (S&P 500). Seeking Alpha Regardless, after going over its latest results, I'm leaning neutral on the shares because the company's still balancing meaningful brand investment with cost pressures and uneven demand, making the near-term outlook a lot harder to confidently assess. My Take on Ermenegildo Zegna's FY2025 Earnings DTC share of branded revenues : 82% DTC share prior year: 78%. What management seems to be doing is cleaning up the business mix. They are focusing more on selling their products directly to customers through their own stores and their own websites. At the same time, they are reducing how much they sell through wholesale partners that they believe are lower quality. This change is happening especially at Thom Browne . That’s usually a good thing in luxury. When you sell through your own channel, you keep more of the margin, and you control the brand better. So yes, that helped gross margin. Gross Margin: 67.5% Gross Margin Change: +90 bps YoY. But once you go more direct, you also take on more fixed costs. More stores, more staff, more systems, more infrastructure. If the sales volume doesn’t grow quickly enough, the advantage from having a better sales mix gets partly offset by the company’s cost base. In other words, the fixed and operating costs end up absorbing some of the benefit created by selling a more profitable mix of products. Because of that, I wouldn’t simply conclude that everything is good just b...
Netflix Inc. ’s BTS comeback show drew 18.4 million viewers globally, underscoring the demand for real-time events anchored by top-tier talent. The 60-minute program , BTS The Comeback Live|ARIRANG , staged at Gwanghwamun Square in central Seoul on Saturday evening, was the K-pop group’s first full performance since late 2022. The live broadcast was the No. 1 show in 24 countries, Netflix said in ...
Netflix Inc. ’s BTS comeback show drew 18.4 million viewers globally, underscoring the demand for real-time events anchored by top-tier talent. The 60-minute program , BTS The Comeback Live|ARIRANG , staged at Gwanghwamun Square in central Seoul on Saturday evening, was the K-pop group’s first full performance since late 2022. The live broadcast was the No. 1 show in 24 countries, Netflix said in a statement Tuesday. The boy band is gearing up for a world tour after a nearly four-year hiatus as its members fulfilled mandatory military service. The heavily-promoted concert drew a smaller live crowd than initially expected, possibly due to stringent crowd control measures. Read BTS Interview: BTS Discuss Return With New Album ‘Arirang,’ Largest-Ever Tour Netflix’s evolving strategy aims to use live programming to differentiate itself in a competitive streaming market. The company has been investing in infrastructure and production capabilities to support such events in Asia. The effort has delivered increasingly large audiences for Netflix. Its live stream of Alex Honnold’s climb of the Taipei 101 skyscraper drew about 6.2 million viewers in January, while its exclusive streaming of the World Baseball Classic earlier this month targeted a broader audience in Japan. In 2024, the live stream of the NFL Ravens–Texans game peaked at more than 27 million US viewers, according to ratings from Nielsen, with Beyoncé performing at the half-time show. The platform’s biggest success to date remains the 2024 boxing match between Jake Paul and Mike Tyson, which Netflix said reached about 65 million viewers globally. For BTS, the live stream is the centerpiece of a broader comeback rollout that includes a new album, Arirang , a Netflix documentary and a stadium tour projected to generate $1 billion to $2 billion in sales, depending on fan spending on merchandise and paid live-concert streaming on the Weverse platform run by Hybe Co. , the band’s agency. Read more: Netflix Grows Liv...
Jacob Wackerhausen/iStock via Getty Images By Daniel Loewy, CFA, Karen Watkin, CFA and Fahd Malik An effective multi‑asset income strategy should tap non-traditional sources besides stocks and bonds. The multi-asset playing field presents income investors with broad opportunities across asset classes . But investors that rely only on traditional stock dividends and bond interest may be missing out...
Jacob Wackerhausen/iStock via Getty Images By Daniel Loewy, CFA, Karen Watkin, CFA and Fahd Malik An effective multi‑asset income strategy should tap non-traditional sources besides stocks and bonds. The multi-asset playing field presents income investors with broad opportunities across asset classes . But investors that rely only on traditional stock dividends and bond interest may be missing out on other attractive income sources. Why Look Beyond Traditional Stocks and Bonds? The tried-and-true multi-asset income approach of broad exposure to stocks and bonds worked for decades—and still does for some investors. But we believe expanding into a more diverse mix of high-quality income sources may create a more resilient combination of income and growth potential. A strategy tapping income from just two assets, in our view, could be highly vulnerable if one or both struggle. This could limit the ability to capture attractive income consistently. Casting a wider net may capture more yield while reducing the chances that everything declines at once. Embrace Multi-Sector and Alternative Income Streams The world of income investing has expanded over the years. Corporate high-yield bonds, for example, are no longer a US-only proposition—today, they’re only half the global supply. Investing in a global mix taps into different economic cycles; when one region is slowing, another may be growing. Investors can pivot accordingly. Beyond corporate credit, we see benefits to accessing a broad range of building blocks dynamically as market conditions evolve: Emerging-market (EM) corporate bonds Securitized debt, such as asset-backed securities Property such as real estate investment trusts (REITs) Bank loans, including floating rate Variance risk premium, or option selling Preferred stocks and convertible bonds Many of these investments have historically contributed higher yields than most government or corporate bonds. They also behave differently—not just from traditional asset...
Key PointsAn executive at Tarsus Pharmaceuticals sold 12,274 shares for a transaction value of approximately $839,000, based on a weighted average price of $68.36 per share across three days ending March 19, 2026.
Key PointsAn executive at Tarsus Pharmaceuticals sold 12,274 shares for a transaction value of approximately $839,000, based on a weighted average price of $68.36 per share across three days ending March 19, 2026.
NASA looks to speed up the US's return to the moon and deep space and vows to invest $20 billion over 7 years to build a moon base. NASA Administrator Jared Isaacman speaks with Caroline Hyde and Ed Ludlow on a special edition of “Bloomberg Tech” live from the Hill and Valley Forum in Washington. (Source: Bloomberg)
NASA looks to speed up the US's return to the moon and deep space and vows to invest $20 billion over 7 years to build a moon base. NASA Administrator Jared Isaacman speaks with Caroline Hyde and Ed Ludlow on a special edition of “Bloomberg Tech” live from the Hill and Valley Forum in Washington. (Source: Bloomberg)
The dollar’s rally since the start of the war in Iran could slow if currency and rates markets shift focus from the inflationary consequences of the conflict to growth concerns, according to foreign exchange strategists at Goldman Sachs. “While the market has largely priced the oil shock as an inflation and terms-of-trade event, a shift towards larger downside growth risks would likely temper broa...
The dollar’s rally since the start of the war in Iran could slow if currency and rates markets shift focus from the inflationary consequences of the conflict to growth concerns, according to foreign exchange strategists at Goldman Sachs. “While the market has largely priced the oil shock as an inflation and terms-of-trade event, a shift towards larger downside growth risks would likely temper broad dollar appreciation” against G-10 currencies, Goldman’s Isabella Rosenberg wrote in a note on Tuesday. The Japanese yen and the Swiss franc, as safe havens, would gain the most against the dollar in a scenario where growth concerns result in equity-led tightening, said the analysts. A focus on growth risks would also result in a “significantly worsening outlook” for emerging market currencies, according to the Rosenberg’s note. Though Goldman still sees the dollar gaining against G-10 currencies in such an environment, the greenback would likely fail to maintain the pace of its surge in March. The Bloomberg Dollar Spot Index , which measures the currency against a basket of peers, has rallied 1.7% since the conflict started on Feb. 28, rising alongside Treasury yields and elevated energy prices. The war sent the price of global benchmark Brent crude oil soaring past $100 per barrel, spurring investor and policymaker concern about increasing inflationary pressures. US Treasuries experienced a broad selloff in March as the market wiped out gains since the start of the year. The Goldman strategists said a prolonged war would hurt growth and currency outlooks in Europe and Asia. Though it is still possible that inflation risks could fall, that outcome “becomes more difficult the longer the conflict lasts,” said Rosenberg.
Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022 With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year b...
Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022 With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year bond auction. In a nutshell, it was terrible. The auction priced at a high yield of 3.936%, up from 3.455% last month and the highest since May 2025. It also tailed the When Issued by a whopping 1.8bps, the highest tail since March 2023. The bid to cover was a piss poor 2.440, down sharply from 2.630 and the lowest since May 2024. The internals were also ugly, with Indirects taking 59.98%, an improvement from 55.91% in February, but it was the Direct bidders that unexpectedly tumbled from 42.3% to 16.50%, the lowest since March 2025. This left Dealers holding 24.12% of the auction, up sharply from 9.81% and the highest since October 2022. Overall, this was a very ugly auction, and the only thing that could have made it catastrophic was if Indirects had also refused to participate. For now they haven't but at this rate it's just a matter of time before Indirects go limit down and Dealers are forced to carry the entire auction. Tyler Durden Tue, 03/24/2026 - 13:25
Mark Zuckerberg Is Building An AI Version Of A CEO To Help Him Run Meta This isn't going to help the speculation that Zuckerberg, himself is a robot. I mean, it's only a joke...right? Mark Zuckerberg is pushing a future where everyone—inside and outside Meta Platforms—has a personal AI agent. He’s beginning with his own, according to a new report from the Wall Street Journal . The CEO is building ...
Mark Zuckerberg Is Building An AI Version Of A CEO To Help Him Run Meta This isn't going to help the speculation that Zuckerberg, himself is a robot. I mean, it's only a joke...right? Mark Zuckerberg is pushing a future where everyone—inside and outside Meta Platforms—has a personal AI agent. He’s beginning with his own, according to a new report from the Wall Street Journal . The CEO is building an internal “CEO agent,” still in development, that helps him quickly access information he’d normally get through layers of staff. The goal reflects a broader company shift: speed up work, reduce hierarchy, and compete with lean, AI-first startups. AI adoption has become central to Meta’s strategy. Zuckerberg recently emphasized this direction, saying, “We’re investing in AI-native tooling so individuals at Meta can get more done,” adding that the company is “elevating individual contributors and flattening teams.” Employees are now expected to use AI regularly, and it even factors into performance reviews. Across the company, staff are experimenting heavily. Internal forums are full of AI tools and ideas, with some employees describing the environment as similar to Meta’s early “move fast and break things” era—now updated to a more stable, AI-driven version of rapid innovation. New tools are emerging internally. Personal agents can access files, communicate with coworkers—or even other agents—on a user’s behalf. Another tool, Second Brain, acts like an “AI chief of staff,” helping organize and retrieve project information. There are even spaces where employees’ AI agents interact with each other. WSJ writes that Meta is also investing externally, acquiring startups like Moltbook and Manus to expand its capabilities. To support this shift, Meta created a new applied AI engineering group designed to be “AI native from day one,” focused on accelerating development of its AI models. Employees are encouraged to attend frequent AI trainings, hackathons, and build their own tool...
Tamer Soliman Silver has had a volatile run in the year so far. The precious metal kicked off the year on a high note with prices ( XAGUSD:CUR ) breaching past $100 per ounce in January. However, they suffered a steep plunge at the end of the month following the explosive run. The metal went through a corrective phase throughout February. The decline was driven by investors locking in gains after ...
Tamer Soliman Silver has had a volatile run in the year so far. The precious metal kicked off the year on a high note with prices ( XAGUSD:CUR ) breaching past $100 per ounce in January. However, they suffered a steep plunge at the end of the month following the explosive run. The metal went through a corrective phase throughout February. The decline was driven by investors locking in gains after a strong run, alongside rising near-term volatility in commodity markets. In March, as the U.S.-Iran conflict broke out, it further suffered, ending in the red for the first five consecutive sessions of the month. In the month so far, spot silver prices have closed in the red for 14 out of 20 trading sessions. Despite this, silver continues to trade above the $65 per ounce mark, much higher compared to the same period last year. However, on a YTD basis, the metal has declined by 2.19%. Mining stocks have also suffered in tandem with the precious metal, with Andean Precious Metals ( ANPMF ) registering the highest YTD loss of 36.01%. Meanwhile, First Majestic Silver gained the most with a 15.25% rise. The following is a list of mining stock gainers and losers, along with their YTD performance and quant ratings. Gainers First Majestic Silver ( AG ) +15.25% YTD | Quant Rating 3.40 Silvercorp Metals ( SVM ) +12.23% YTD | Quant Rating: 3.38 Agnico Eagle Mines ( AEM ) +6.11% YTD | Quant Rating: 3.39 New Pacific Metals ( NEWP ) +3.42% YTD | Quant Rating: 3.44 Wheaton Precious Metals ( WPM ) +1.27% YTD | Quant Rating: 3.40 Losers Andean Precious Metals ( ANPMF ) -36.01% YTD Coeur Mining ( CDE ) -35.15% YTD| Quant Rating: 4.92 GoGold Resources ( GLGDF ) -19.72% YTD Equinox Gold ( EQX ) -11.18% YTD| Quant Rating: 3.15 Aya Gold & Silver ( AYASF ) -8.06% YTD Endeavour Silver ( EXK ) -7.23% YTD | Quant Rating: 3.20 Hecla Mining ( HL ) -7.19% YTD | Quant Rating: 3.37 Fortuna Mining ( FSM ): -6.9% YTD | Quant Rating: 4.68 Discovery Silver ( DSVSF ) -6.58% YTD Pan American Silver ( PAAS ):...
Bennett Raglin/Getty Images Entertainment Shopify ( SHOP ) has launched a new feature enabling merchants to sell products that are discoverable within ChatGPT through Shopify’s ( SHOP ) Agentic Storefront. Transactions will still take place within Shopify’s ( SHOP ) checkout and payments platform, and merchants will remain the “merchant of record” to retain ownership of customer data. “Shopify has...
Bennett Raglin/Getty Images Entertainment Shopify ( SHOP ) has launched a new feature enabling merchants to sell products that are discoverable within ChatGPT through Shopify’s ( SHOP ) Agentic Storefront. Transactions will still take place within Shopify’s ( SHOP ) checkout and payments platform, and merchants will remain the “merchant of record” to retain ownership of customer data. “Shopify has spent two decades unifying the full commerce lifecycle into one operating system—merchandising, payments, fraud, tax, fulfillment, subscriptions, and more. That infrastructure powers selling through storefronts, points of sale, social platforms, and now AI agents,” the company said on its website . Shopify ( SHOP ) first launched its Agentic Storefront in December to enable merchants to make merchandise discoverable through AI shopping interfaces like Microsoft Copilot ( MSFT ), AI Mode in Google Search/Gemini ( GOOG ), and now ChatGPT ( OPENAI ). With the integration of ChatGPT, shoppers can search, discover, and purchase merchandise on Shopify without leaving the ChatGPT chat. Payments, however, will not be processed through ChatGPT’s Instant Checkout but instead through the Agentic Storefront. This is a major step forward as we make ChatGPT the best personal shopping super assistant, while ensuring merchants remain in control of their customer experience,” said Commerce Product Lead at OpenAI ( OPENAI ) Neel Ajjarapu. More on Shopify Inc Shopify's Rule Of 47.3% And Leading SaaS Position Doesn't Come Cheap Shopify: An AI Winner Not A Loser (Rating Upgrade) Shopify: Why It Could Double From Here Shopify is called an agentic AI winner by analysts Shopify outlines AI-driven commerce expansion as company targets low 30% revenue growth in Q1 2026
People want answers from Rachel Reeves. Will she subsidise energy bills, and by how much? Will she delay the increase in fuel duty? Will Labour change course on North Sea oil taxes? This afternoon she did a valiant job of not answering any of these questions, while updating the Commons on the effects of war on Iran. One can hardly blame her: the Middle East conflict is volatile enough to send mark...
People want answers from Rachel Reeves. Will she subsidise energy bills, and by how much? Will she delay the increase in fuel duty? Will Labour change course on North Sea oil taxes? This afternoon she did a valiant job of not answering any of these questions, while updating the Commons on the effects of war on Iran. One can hardly blame her: the Middle East conflict is volatile enough to send markets up and down like something I can’t mention in a family newsletter, so how can a third party government set policy with confidence? Decisions might look absurd even a day (or an hour) later, forcing those in power to quickly change tack — and we all know how this government feels about U-turns. Hence, ministers keep using a lot of words to say very little, and in fairness this is a skill at which they excel. It’s also politically sensible, as is the Chancellor’s favourite rhetorical flourish: reminding everyone about the Liz Truss crisis. “The previous government pushed up borrowing, interest rates, inflation and mortgage costs with an unfunded, untargeted package of support under Liz Truss that gave the support to the most wealthiest of households,” Reeves said , taking superlatives to a new level. Beyond the rhetoric, this did give us a clue as to government policy. Reeves has effectively ruled out universal support, and seems determined to rein in the cost of any bailout that Labour might consider obligatory for electoral reasons.. Her position was welcomed by the Resolution Foundation, a think tank which — alongside the Institute for Fiscal Studies — has warned against blanket support for household bills. Any payments must, somehow, be targeted, the wonks advise. Caution looks like the best approach, and steady hands will be required to guide the UK through this latest economic storm. The extent of the turbulence was laid bare by this morning’s PMI survey , which showed the sharpest increase in manufacturing costs since Black Wednesday in 1992. Mortgage rates continu...
JHVEPhoto Mattel ( MAT ) announced a new global, cross-category Masters of the Universe product line timed to the upcoming live-action film from Amazon MGM Studios ( AMZN ) and Mattel Studios. The film is set to open at theaters on June 5, 2026, with international releases following via Sony Pictures International Releasing. The Masters of the Universe product line will be rolled out on April 25 w...
JHVEPhoto Mattel ( MAT ) announced a new global, cross-category Masters of the Universe product line timed to the upcoming live-action film from Amazon MGM Studios ( AMZN ) and Mattel Studios. The film is set to open at theaters on June 5, 2026, with international releases following via Sony Pictures International Releasing. The Masters of the Universe product line will be rolled out on April 25 worldwide across toys, gaming, collectibles, apparel, and more, supported by licensees and exclusive retail collaborations. The toy range includes multiple action-figure lines inspired by the movie (Kids Core, Chronicles Collector, and Origins), Barbie Signature dolls of He-Man and Teela, Funko Pop! vinyl figures of key characters, Hot Wheels die-cast cars themed to He-Man and Skeletor, a Mattel Brick Shop buildable Snake Mountain Lair with NanoWorld figures, themed UNO, and lifestyle extensions such as Goodr sunglasses and a Masters of the Universe x TEMPTATIONS cat-treat collaboration inspired by Cringer and Battle Cat. Beyond Mattel’s ( MAT ) own brands, more than 70 global partners, including Hot Topic, Box Lunch, Spirit Halloween, Bioworld, MONDO, and others, will support additional drops through 2026 and into 2027 across apparel, accessories, home, publishing, and premium collectibles. Mattel ( MAT ) is also launching a new Masters of the Universe publishing slate for 2026, led by Mattel Press and partners, featuring a young adult novel focused on Teela, a junior retelling, a film-universe graphic novel, and an art book to deepen the brand’s storytelling. The film and product release is tied closely to Mattel's ( MAT ) broader strategy to expand its toy brands into tentpole theatrical franchises. The project is seen as a cornerstone title in Mattel's ( MAT ) growing film slate, intended to anchor a multi-year pipeline of Masters of the Universe content and consumer products. More on Mattel Mattel, Inc. (MAT) Presents at UBS Global Consumer and Retail Conference - Slide...
In this article O9T-FF HXSCL META Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 15:24 15:24 Inside Arm’s $71 million chip lab where its making its first ever CPU Tech For more than 35 years, Arm Holdings has licensed its instruction sets to the world's biggest chipmakers and collected royalties on every processor made with its designs. Now the U.K.-based company is making physica...
In this article O9T-FF HXSCL META Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 15:24 15:24 Inside Arm’s $71 million chip lab where its making its first ever CPU Tech For more than 35 years, Arm Holdings has licensed its instruction sets to the world's biggest chipmakers and collected royalties on every processor made with its designs. Now the U.K.-based company is making physical silicon of its own for the first time. Arm CEO Rene Haas unveiled his company's first in-house chip on Tuesday at an event in San Francisco. Arm is calling the new data center central processing unit the AGI CPU. It's a long-anticipated move that marks a major change for the so-called Switzerland of chip firms as it enters into fresh competition with its customers. Meta is the first to sign on, as the social media company builds out multiple gigawatts of AI data centers and plans to shell out up to $135 billion on capital expenditures this year. In February, Meta secured a huge amount of chips from both Nvidia and Advanced Micro Devices . "In today's world, you really only have a couple of players," said Meta software engineer Paul Saab, who helped with the Arm chip project since its start in 2023, in an interview with CNBC. "This adds yet another player to the ecosystem for us." Saab added that the Arm deal "allows a lot more flexibility in our software stack and in our supply chain." Terms of the agreement weren't disclosed. For Arm, the deal marks a major win and a stamp of approval from one of the most valuable companies in the world. "Let's say they get 5% of Meta's $115 to $135 billion capex going into the future," said chip analyst Patrick Moorhead of Moor Insights. "That is a game changer on the top line for them." It's also the latest sign that CPUs are seeing a resurgence in demand. Nvidia, which has established itself as the leader in AI graphics processing units, recently told CNBC that CPUs are " becoming the bottleneck " as agentic AI changes compute needs. ...