BUZZ-Arm shares more than triple since IPO
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Shares of British chip designer Arm Holdings plchave more than tripled since their IPO, reaching fresh highs on Monday amid the frenzy around artificial intelligence (AI). The stock's recent surge has been fueled by strong forecasts on demand for its technology in designing chips for AI. However, the thin public float of shares can lead to big swings given SoftBank's majority ownership. The benchmark semiconductor index also reached a new record high on Monday, driven by the AI euphoria.
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