Arm soars 26% on the stock market after raising its forecasts due to artificial intelligence. The microprocessor designer has appreciated 90% from the market launch price five months ago.
Arm's microprocessor designs are used by large companies in the sector to produce chips. Apple, Intel, AMD, Nvidia and Qualcomm among others, use the British technology company's designs to develop their products. The company controlled by Softbank already has a valuation of 99.5 billion dollars (92.5billion euros) on the market.