The CNBC Investing Club with Jim Cramer has increased its price target on chipmaker Arm after its strong quarter and positive comments about the market for central processing units (CPUs). The rise of agentic AI is shifting the CPU-to-GPU balance in AI clusters towards an even more even mix, according to Intel's CEO. Intel and AMD are typically the primary names for data center CPUs, but Arm Holdings also deserves a mention. The company sells the designs for these CPUs and has recently begun developing its own CPU product. However, despite this, the company's next earnings report on May 6 is expected to be good. This is part of the busy week of earnings season for the S & P 500, with about one-third of the S.