Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Arm Just Blew Up Its Business Model & Wall Street Loved It.

ARM’s CPU News Lands as SoftBank Doubles Down on OpenAI; Ramp Is Years Out

Arm Q4 FY2026: Record Quarter, $2 Billion AGI CPU Pipeline But Soft Guidance Stings After Hours

[Earnings Review] Arm’s AI Royalty Engine Powers Through Cloud and Edge Tailwinds

ARM Holdings: How Next-Generation CSS Platforms Are Driving Its Revenue Growth!

ARM Ignites Growth with Armv9 CPUs, AI Partnerships, & Data Center Infiltration; What Lies Ahead?

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Equity Bottom-Up

<ul>
<li>Smartphones still account for roughly half of ARM’s business, while data centre revenue sits only in the high-teens percentage range, even after triple-digit growth.</li>
<li>CSS adoption is rising, but it remains in the teens as a share of royalties; not yet large enough to structurally reshape the mix</li>
<li>AI compute value migrates upstream into accelerators and full-stack CPU vendors; can Arm’s royalty model capture operating leverage or merely volume?</li>
</ul>


Smartphones still account for roughly half of ARM’s business, while data centre revenue sits only in the high-teens percentage range, even after triple-digit growth.
CSS adoption is rising, but it remains in the teens as a share of royalties; not yet large enough to structurally reshape the mix
AI compute value migrates upstream into accelerators and full-stack CPU vendors; can Arm’s royalty model capture operating leverage or merely volume?


ARM은 AI의 보편화를 로열티 수익 가속화로 전환할 수 있을까요?