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

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To gain an edge, this is what you need to know today. Slew Of New Economic DataPlease click here for a chart of VanEck Semiconductor ETF (NASDAQ: SMH). This is an important chart today in view of Arm 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 $51…

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