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Golden Ten Data reported on May 7 that Chicago Fed President Goolsbee said on Wednesday that the Iran-Israel conflict increasingly appears to be an inflationary shock to the economy. Although the current impact on employment and economic growth is not yet apparent, concerns about supply chain disruptions and persistently rising prices are intensifying. "This is not yet a 'stagflationary' shock,"—that is, the kind of shock that hits the job market while pushing up inflation and forcing the Federal Reserve to decide which policy objective faces greater risk—Goolsbee said after attending the Milken Institute conference in Los Angeles. "This is simply an inflationary shock. And the longer this goes on, the more uneasy I become."

Third quarter adjusted operating revenue was $366 million, compared to the IBES estimate of $372.3 million. Third quarter adjusted earnings per share (EPS) were $1.41, compared to the IBES estimate of $1.40. Third quarter adjusted net profit was $276 million, compared to the IBES estimate of $272.2 million. Fourth quarter revenue is expected to be between $1.91 billion and $2.05 billion, with adjusted EPS estimated to be between $1.52 and $1.72.

According to Golden Ten Data on May 7, thanks to large-scale investments in AI computing by technology companies, the adoption rate of Arm (ARM.O) chip technology continues to rise. The company on Wednesday forecasted its first fiscal quarter revenue would reach $1.26 billion, surpassing the market expectation of $1.25 billion. Arm CEO Rene Haas said, “We are very optimistic about the demand for data centers,” adding that this quarter saw “a rather substantial increase in data center-related royalty revenues.” Earlier this year, Arm launched the AGI CPU, a data center chip designed to handle the large-scale data processing required by certain types of AI. On Wednesday, the company announced that it had secured $2 billion in customer demand for this processor for fiscal years 2027 and 2028.