Arm Holdings, a company in the UK that makes chips, has seen its stock price almost double in less than a week.
This happened because investors believe that the demand for artificial intelligence (AI) technology is growing, and Arm’s chips are used in many devices, like smartphones.
Even though Arm’s chips aren’t directly for AI, companies like Nvidia use them alongside their AI chips.
This news is important because it shows how technology companies are becoming more valuable, especially those involved in AI.
The BBC provided this information.
https://www.bbc.com/news/business-68281047