Arm CEO Says AI Boom Just Beginning After Record-Setting Rally | allainews.com

Feb. 7, 2024, 9:03 p.m. | Ian King

Bloomberg Technology bloomberg.com

Arm Holdings Plc shares surged as much as 64% on Thursday after artificial intelligence spending helped bolster the chip designer’s forecast. And the company’s chief executive officer said the remarkable opportunity presented by AI is still in its early stages.

arm artificial artificial intelligence boom ceo chip designer executive forecast intelligence rally shares spending the company

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