Arm Holdings, a leading British tech company known for designing cutting-edge chips, saw its stock soar over 30% on Wednesday after announcing that it expects profits and sales before earnings for the current quarter to surpass market expectations. The surge in demand for Arm's artificial intelligence (AI) technology has contributed to its success, with its technology becoming increasingly common in AI chips. Arm's market capitalization jumped by $26 billion, and its stock price has almost doubled since its initial public offering in September. The company's expansion strategy has proven effective, with a huge surge in demand for its Arm-based central processors working with Nvidia's chips.