Arm Holdings Plc, which provides the most widely used technology in computing processors, gave a bullish revenue forecast, helped by increasing interest in designing chips to run AI data centers.
Fiscal third-quarter revenue will be about $1.23 billion, the company said Wednesday in a statementBloomberg Terminal. Profit will be 41 cents a share, excluding certain items. Those targets compare with analysts’ average estimates of 35 cents a share on sales of $1.1 billion.