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Excitement Over ARM IPO And AI But Slew Of Economic Data Shows Hotter Economy

Benzinga ·  Sep 14, 2023 11:22

To gain an edge, this is what you need to know today.

Slew Of New Economic Data

Please click here for a chart ofVanEck Semiconductor ETF(NASDAQ:SMH). This is an important chart today in view ofArm Holdings American Depositary Shares(NASDAQ: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...
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