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Arm (ARM.US) Projects Total AI Chip Revenue of USD25 Billion; Pre-market Stock Price Rises 10%
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Chip design company Arm (ARM.US) has launched a new AI data center chip, the AGI CPU, which is planned to enter mass production in the second half of this year. The newly released chip is expected to generate annual revenue of USD15 billion by 2031, with the group's total annual revenue reaching USD25 billion and earnings per share of USD9. The stock rose 10% pre-market. Citi analysts noted in a report on Wednesday that Arm's announcement marks "the most significant transformation in the company's history." While Arm's entry into chip manufacturing is not a secret, the comprehensive development of server chips, support from large enterprises like Meta and OpenAI, and optimistic revenue forecasts have surprised the market. Arm's projections even exceed the highest market expectations. (me/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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