Arm Holdings (ARM) is a tough stock at this valuation, notes Doug Clinton. He and Kim Forrest discuss semiconductor stocks and the takeaways from ARM’s first full week of trading. Doug mentions that Deepwater Asset Management prefers AMD (AMD) in this space as AMD has the optionality for A.I. applications. They go over what investors should know about chip stocks. Kim highlights that the Fed decision doesn’t matter for semi stocks as A.I. is going to be a force for all companies. Tune in to find out more about the stock market today.