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A call to Arm: British chipmaker's AI rally goes unabated

Cambridge, England-based fabless chipmaker Arm Holdings PLC (NASDAQ:ARM) continued raging higher on the Nasdaq exchange on Thursday, with nearly 40% added to its share in the opening few hours. Arm’s market valuation now stands at more than 105billion,havingaddedawalloping105 billion, having added a walloping 27 billion today alone. Year to date, the stock is up over 50% and has about doubled since IPOing in the US last September. The astronomical rally follows yesterday’s second-quarter results, when Arm posted record quarterly revenue ...