AI: UK chip designer Arm sees shares almost double

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AI: UK chip designer Arm sees shares almost double
United Kingdom Latest News,United Kingdom Headlines
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The firm's shares have soared since its earnings announcement last week and are now up more than 98%.

UK chip designer Arm Holdings has seen its stock market value almost double in less than a week as investors bet on the artificial intelligence boom.

The AI boom has helped Nvidia become one of the most valuable publicly-traded companies in the world, with a stock market valuation of around $1.8 trillion . Aside from Nvidia and Taiwan Semiconductor Manufacturing Company , Arm's customers also include well-known consumer brands like Apple.

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