Arm Holdings stock rallies over 19% after unveiling AI chips with Meta Platforms as lead customer

Arm Holdings stock surged over 19% on Wednesday following the UK-based firm’s introduction of a new processor suite tailored for data centers and artificial intelligence.

In a landmark strategic shift, the company revealed on Tuesday that it will begin selling its own physical chips for the first time. The move is projected to generate approximately $15 billion in annual revenue within five years.