Arm stock rises after chip firm's Q3 forecast tops estimates amid strong AI demand

SAN FRANCISCO (Reuters) -Chip technology provider Arm Holdings (ARM) gave a fiscal third-quarter forecast on Wednesday that topped Wall Street's expectations, boosted by the boom in artificial intelligence computing. Shares of Arm ​rallied 6% in premarket trading on Thursday as investors digested the surprise outlook. For the current fiscal quarter, Arm ‌forecast revenue of $1.23 billion at the midpoint of its guidance, which exceeded the average analyst estimate of $1.1 billion, according to LSEG data. ...