Arm: AI boom “is real” as New York-listed Cambridge firm soars

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By Andy Silvester Arm, the UK chipmaker which listed in New York, proved the worth of its fundamentals on Wednesday evening – beating analyst estimates and sending shares soaring. Demand for artificial intelligence upgrades has boomed across the global economy and Arm has benefitted, bosses said. “We’re seeing more interest in newer designs and newer technologies by customers” Jason Child, Arm’s chief financial officer, told Reuters. “It’s real. Folks are actually buying and licensing that technology.” Arm floated in New York last year after an arm wrestle between NASDAQ and the London Stock E…

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