"Arm's AI-Driven Growth Sends Stock Soaring 41%"

Arm Holdings' stock surged over 30% after the British tech company forecast fiscal fourth-quarter sales and adjusted profit above Wall Street expectations, driven by customers aiming to design new chips for artificial intelligence work, leading to higher royalties. The company's diversified business, with smartphones now representing 35% of overall units shipped, and its expansion into laptops and data centers, has contributed to its growing influence across tech businesses. Arm expects strong revenue from licensing chips for AI in data centers, phones, and PCs, and raised its full fiscal year revenue and adjusted earnings guidance, reflecting increased interest in newer designs and technologies due to AI.