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Arm's New AI Chip Drives Billions in Revenue, Stock Jumps Further
TechnologyReutersbloombergFT+11cnbctvn24el-mundopublicoBusiness InsiderYahoostraits-timesKorea Herald+3 more4mo ago14 sources

Arm's New AI Chip Drives Billions in Revenue, Stock Jumps Further

SoftBank-owned tech group Arm's stock has jumped following the launch of its first in-house AI data center chip, the AGI CPU, which is expected to generate billions in annual revenue and has secured Meta as an initial customer, with shares soaring 15% on the news.