ARM stock price surges today after chip designer announces biggest pivot in its 35-year history

Of course, it has to do with AI. Shares of Arm Holdings plc (Nasdaq: ARM) are surging this morning after the semiconductor design firm announced it will begin making its own chips for AI workloads.
Ars Technica

A history of ARM, part 2: Everything starts to come together

The story so far: At the end of the 1980s, Acorn Computers was at a crossroads. A small team, led by Sophie Wilson and Steve Furber, had invented a powerful new computer chip, the Acorn RISC Machine ...