Arm Holdings’ soaring stock price and robust growth forecast is being fueled by AI demand and strategic expansions.
Leading British tech company Arm Holdings saw its stock surge over 30% on Wednesday after the company said it expects profits and sales before earnings for the current quarter to beat market expectations by a large margin.
The company, best known for designing cutting-edge chips, cited growing demand for its artificial intelligence-based (AI) technology. As a key supplier of chip blueprints to semiconductor industry competitors, Arm has become a success story in technology. Its technology is becoming increasingly common in chips used for artificial intelligence applications.
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