Arm Shares Soar as AI Technology Demand Rises

Arm’s Market Value Surges Over 20% as Company Beats Revenue Expectations

The chip designer Arm has seen a significant surge in its market value, rising by more than a fifth in pre-market trading. The UK-based tech company, known for its design elements used in products ranging from smartphones to games consoles, has attributed the increase to a recovery in the smartphone market and high demand for artificial intelligence (AI) technology. Arm’s shares gained over 22% before the opening of Nasdaq in the US on Thursday.