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Arm Holdings, a chip designer, reported Q3 financial results surpassing expectations, driving a 40% stock surge due to increased market share in cloud-server and automotive sectors, and higher demand for AI chips.
Arm Holdings, a chip designer, reported better-than-expected third-quarter financial results, driving its stock to soar by over 40% in after-hours trading.
The company's strong performance is attributed to increased market share in cloud-server and automotive sectors and higher demand for artificial intelligence-driven chips.
Arm expects sales of $850 million to $900 million in the upcoming quarter, exceeding the average analyst estimate of $778 million.
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Arm Holdings, un diseñador de chips, informó que los resultados financieros del tercer trimestre superaron las expectativas, lo que impulsó un aumento de las acciones del 40 % debido a una mayor participación de mercado en los sectores de servidores en la nube y automoción, y a una mayor demanda de chips de IA.