Arm's stock price soared by 15% in early trading on Wednesday, following the company's announcement that its newly launched self-developed chip, the AGI CPU, is expected to generate $15 billion in revenue per product by 2031. The British semiconductor and software design company unveiled its first self-developed chip, the AGI CPU, in San Francisco on Tuesday. Designed specifically for AI inference in data centers, the chip's launch comes amid a surge in demand for central processing units driven by the rise of agentic AI.
