September 14, 2023

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. 
Please click here or the title below to read more.
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