"Arm's Stock Soars 24% on Strong Forecast and AI-Driven Sales Surge"

Arm's shares surged 24% after the chip designer reported strong fiscal third-quarter earnings, beating estimates and providing a robust profit forecast for the current quarter. The company's revenue of $824 million and adjusted EPS of 29 cents exceeded expectations, leading to the significant stock increase. Arm attributes its success to increasing sales in AI and a recovery in the smartphone market, with royalty revenue up 11% annually. The company's emphasis on licensing more complete designs for semiconductor companies, particularly for AI applications, has contributed to higher licensing fees and revenue growth.