TradingKey – Arm Holdings (ARM) finished up 17.16% at $322.90 on Monday following a break above a descending trendline and the $299.41 resistance. Investors have become more bullish on the semiconductor industry after price appreciation of GPUs and CPUs due to advances in Generative Artificial Intelligence (AI). This is because Generative AI, similar to machine learning, increases the usage of central processing units (CPUs). While Arm Holdings has exposure through its traditional business model of charging royalties for semiconductor designs and the CPU business, the rally has resulted in overvalued and overbought conditions.