Arm stock soars 40% on a solid Q4 and impressive guidance

Arm Holdings PLC (NASDAQ: ARM) rallied a whopping 40% in extended hours on Wednesday after reporting blockbuster earnings for its third financial quarter.Arm stock up on upbeat guidanceCopy link to sectionThe stock is being rewarded also because the chip design company issued impressive guidance on strong demand for artificial intelligence. Arm Holdings now forecasts its revenue to fall between $850 million and $900 million in Q4 on up to 32 cents of per-share earnings. Analysts, in comparison, were at $780 ...