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Barchart
Wajeeh Khan

Arm Stock Just Entered Overbought Territory. Is It Too Late to Chase the Rally Here?

Arm Holdings (ARM) shares are ripping higher this morning after the chip design firm announced its first-ever in-house artificial intelligence (AI) chip, the “AGI” central processing unit (CPU). 

This monumental rally pushed ARM’s relative strength index (14-day) into the late 70s, suggesting the SoftBank (SFTBY)-owned company is now “overbought” and may be due for a breather.  

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