Arm Holdings CEO Rene Haas said his confidence in reaching $2 billion in revenue from the company's AGI CPU has increased since the July earnings call, sending Arm shares higher on Wednesday. The AGI CPU is Arm's first in-house central processing unit designed for data centers, marking a shift from its traditional model of licensing chip architectures and collecting royalties. Arm identified a path to $2 billion in demand during its May earnings call, twice the amount projected when the chip was unveiled in March, but has retained an official $1 billion revenue outlook while it secures sufficient production capacity. The company previously fell 10% after maintaining that target, then gained more than 7% the day after its July results as executives expressed greater confidence in securing manufacturing capacity. Supply constraints across wafers, memory, substrates and test equipment remain central risks. Arm shares have preserved their post-July rally but remain about 45% below the $452 peak reached in June.