EXCITEMENT OVER ARM IPO AND AI BUT SLEW OF ECONOMIC DATA SHOWS HOTTER ECONOMY
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Slew Of New Economic Data
Please click here for a chart of semiconductor ETF SMH. This is an important chart today in view of Arm Holdings (ARM) IPO.
Note the following:
- The chart shows semiconductors are levitating above the support zone.
- RSI on the chart shows that semiconductors are returning from an oversold condition.
- ARM IPO is today. ARM designs the chips that are used by many semiconductor manufacturers and are used in practically every smartphone available today. ARM is priced at $51 per share, raising close to $5B.
September 14, 2023