Arm Holdings Stock Soars As Company Targets $15 Billion In Annual Sales From New In-House Chip [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
ARM Provides Aggressive Sales Targets For New Chip Arm Holdings announced at an event in San Francisco on Tuesday that it will begin selling its own AGI CPU chips, with Meta Platforms Inc slated to be the first major customer. Don't Miss: This AI Helps Fortune 1000 Brands Avoid Costly Ad Mistakes — See Why Investors Are Paying Attention This Energy Storage Company Already Has $185M in Contracts—Shares Are Still Available According to a Bloomberg report, Arm expects the new chip to generate approximately $15 billion annually within five years, surpassing sales from current operations. When combined with sales from the company's existing business, Arm expects to achieve $25 billion in annual sales within the next five years, while earnings are expected to grow to approximately $9 per share. Arm's new chip, which will have up to 136 cores and draw 300 watts of electricity, is being developed in response to customer demand, the company said. The report indicates that Taiwan
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