TradingKey – Arm Holdings (ARM) surged 8.6% on Thursday, becoming one of the most prominent chip stocks in the Nasdaq market. This rally benefited both from an overall recovery in the tech sector and positive signals released by CEO Rene Haas regarding the company’s AI chip business.

In an interview, ARM CEO Rene Haas stated that compared to when the company reported earnings at the end of July, it is now more confident in reaching $2 billion in AI chip demand. Previously, ARM disclosed that customer demand for its first in-house data center chip, the Arm AGI CPU, had already exceeded $2 billion, covering fiscal years 2027 and 2028.

This means the market is re-evaluating ARM’s growth potential as it extends from a traditional chip…