Arm shares soar as AI-fueled boom brightens growth prospects

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The company, which sells blueprints and other intellectual property for creating computing chips that power most of the world's mobile phones including Apple, has been a key beneficiary of rising demand for AI-powered devices. The strong showing set Arm on course to add nearly $20 billion in market value, based on its premarket share price of $96.35. It would be Arm's best day since its listing in September, if gains hold.
 
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