Chip stocks shakeup: Arm soars, Intel falls as Nvidia and Microsoft announce new AI superchip for Windows PCs

The chip industry is seeing major market movement this morning after Nvidia boss Jensen Huang announced a fresh foray into personal computers. Shares in Arm Holdings are soaring today after Nvidia CEO Jensen Huang announced a fresh foray into the personal computer market with a new AI chip designed to power Windows PCs later this year. Heres what you need to know.