JAMIE CARR: GlassHouse throws a stone
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Diamond: Arm
The UK’s leading chip designer announced better than expected results for the quarter to end-December and the share price went off like one of SpaceX’s finest, topping out at an intraday gain of 64% before a modicum of restraint kicked in and it ended the day a mere 48% higher. Revenues for the quarter were a handy $824m as the company benefited from surging demand for its chips to power large language AI models, which came just as demand for smartphones started to look a little wobbly. ..
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