Arm Holdings PLC – ADR(NASDAQ:ARM) shares are trading lower by 4.9% to $117.05 during Friday's session. Shares of semiconductor, hardware and AI-linked stocks are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy withBroadcom Inc, which fell after reporting earnings.

The Significance of Jobs Data For ARM:Friday's jobs report showed a smaller increase in nonfarm payrolls than expected. This could have led traders to reassess their expectations for aFederal Reserveinterest rate cut.

Originally, there was a 43% probability of a 50-basis-point cut. The weaker-than-expected...