Arm’s IPO Lures Retail Traders Seeking Exposure to AI (Correct)

Arm Holdings Plc’s highly-anticipated trading debut caught the attention of retail traders.

The chip designer garnered the most buy orders on Fidelity’s trading platform Thursday, with upward of 20,000 purchase orders, according to the brokerage’s website. It easily outpaced demand for retail favorites like Tesla Inc. and Nvidia Corp. Arm priced its IPO at $51 a share before opening at $56.10 just after noon in New York. The stock surged into the close, ending the session 25% higher than the IPO price.

Source: Fidelity

Source: Fidelity

The Fidelity data shows the aggregate number of orders entered by Fidelity Brokerage Services LLC ...