{"id":337161,"date":"2026-11-08T18:07:33","date_gmt":"2026-11-08T18:07:33","guid":{"rendered":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/openai-arm-and-qualcomm-executives-react-to-post-midterm-ai-sell-off-2.html"},"modified":"2026-11-08T18:07:33","modified_gmt":"2026-11-08T18:07:33","slug":"openai-arm-and-qualcomm-executives-react-to-post-midterm-ai-sell-off-2","status":"publish","type":"post","link":"https:\/\/usa.timesofnews.com\/breaking-news\/political\/openai-arm-and-qualcomm-executives-react-to-post-midterm-ai-sell-off-2.html","title":{"rendered":"OpenAI, Arm and Qualcomm executives react to post-midterm AI sell-off"},"content":{"rendered":"<p id=\"MainContent\">\n<header class=\"ArticleHeader-articleHeader\" id=\"main-article-header\"><span>WATCH LIVE<\/span><\/header>\n<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<p class=\"RelatedQuotes-text\">In this article<\/p>\n<ul class=\"RelatedQuotes-list\">\n<li class=\"QuoteItem-item\" aria-label=\"Quote for null\"><span class=\"QuoteItem-symbol\">QCOM<\/span><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"RegularArticle-WatchlistDropdown\" data-analytics-id=\"RegularArticle-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/li>\n<\/ul>\n<h2 class=\"ArticleBody-subtitle\"><a href=\"javascript:void(0)\"><\/a>Arm CEO Rene Haas <\/h2>\n<p><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/p>\n<p>Haas characterized the postelection fear as &#8220;very, very short term thinking&#8221; and not likely to be a major threat to <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\"><a href=\"javascript:void(0)\">Arm&#8217;s<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> business in the long term, but said the U.S. must keep investing in the data center build-out before the rest of the world catches up. <\/p>\n<p>&#8220;If the U.S. hesitates in any way, shape, or form in terms of data center build-out, the rest of the world is ready and willing. There is just huge demand for this capacity,&#8221; Haas told CNBC&#8217;s &#8220;Squawk on the Street&#8221; Thursday. <\/p>\n<h2 class=\"ArticleBody-subtitle\"><a href=\"javascript:void(0)\"><\/a>OpenAI CFO Sarah Friar<\/h2>\n<p><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/p>\n<p>Friar told CNBC&#8217;s <a href=\"javascript:void(0)\">Sara Eisen<\/a> Friday that OpenAI will <a href=\"javascript:void(0)\">continue investing<\/a> in data center infrastructure after voters <a href=\"javascript:void(0)\">resoundly rejected data centers in their backyards<\/a> during the midterm election. The company will also focus on community concerns, including electricity. &#8220;We will never raise your electricity bill,&#8221; Friar said.<\/p>\n<p>&#8220;When I think about the midterms, I need to keep thinking about how do we keep investing to meet that customer demand.  It starts early with having built relationships with all of the hyperscalers, and it will continue to mean that we raise capital,&#8221; Friar said.<\/p>\n<p>&#8220;If the midterm means more focus on data centers and communities, we&#8217;re going to keep doing the work to get into those communities and to build trust with them.&#8221;<\/p>\n<h2 class=\"ArticleBody-subtitle\"><a href=\"javascript:void(0)\"><\/a>Qualcomm CEO Cristiano Amon<\/h2>\n<p><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/p>\n<p>Amon said the anxiety about the future of the data center build-out doesn&#8217;t pose a significant threat to the chipmaker&#8217;s business, as data center infrastructure is just one segment. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-13\"><a href=\"javascript:void(0)\">Qualcomm<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> slid 9.49% in Thursday&#8217;s sell-off before recovering some losses Friday.<\/p>\n<p>&#8220;The whole market is down, but I think the Qualcomm story is a little bit different,&#8221; Amon told CNBC&#8217;s <a href=\"javascript:void(0)\">Jon Fortt<\/a> Thursday. Unlike traditional PC and data center chipmakers, Qualcomm has historically focused on low-power consumption computing. &#8220;The story of Qualcomm is what we have done outside that on the data center specific question.&#8221;<\/p>\n<h2 class=\"ArticleBody-subtitle\"><a href=\"javascript:void(0)\"><\/a>Box CEO Aaron Levie<\/h2>\n<p><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/p>\n<p>Levie told &#8220;Squawk on the Street&#8221; Thursday that productivity gains meant AI &#8220;is clearly going in one direction,&#8221; but said a tendency for industry messaging to coalesce around &#8220;doomerism&#8221; can exacerbate the public perception problems AI companies face.<\/p>\n<p>&#8220;I think it&#8217;s a little bit easier to rotate it toward maybe the more risk-oriented messages, and that&#8217;s something that our industry needs to work on clearly. But ultimately, obviously, the consumer needs to see the direct benefit, and that&#8217;s something that will just take time,&#8221; said <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-15\"><a href=\"javascript:void(0)\">Box&#8217;s<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> Levie. <\/p>\n<h2 class=\"ArticleBody-subtitle\"><a href=\"javascript:void(0)\"><\/a>Lyft CEO David Risher<\/h2>\n<p><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/p>\n<p>Risher said the dour market sentiment wasn&#8217;t concerning for <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-16\"><a href=\"javascript:void(0)\">Lyft&#8217;s<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> business, as consumer sentiment and bookings remained strong. <\/p>\n<p>&#8220;I wouldn&#8217;t get too distracted about the short term stuff of what&#8217;s going on in the market. If I look at the consumer, for example, we just had the biggest Halloween we&#8217;ve ever had,&#8221; Risher told CNBC&#8217;s &#8220;Squawk Box&#8221; Friday.<\/p>\n<p>Article source: https:\/\/www.cnbc.com\/2026\/11\/06\/tech-executives-ai-data-center-selloff-midterms.html<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"<p>WATCH LIVE In this article QCOM Arm CEO Rene Haas Haas characterized the postelection fear as &#8220;very, very short term thinking&#8221; and not likely to be a major threat to Arm&#8217;s business in the long term, but said the U.S. must keep investing in the data center build-out before the rest of the world catches [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-337161","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/337161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=337161"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/337161\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=337161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=337161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=337161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}