"Arm's IPO Price Plunges as Short Sellers Eye Potential Nvidia Rival"

Arm Holdings' stock dipped below its IPO price as short sellers bet against the chip designer just a week after its Wall Street debut. The shares closed down 1.4% at $52.16, well below the $51 IPO price. This comes as doubts arise about the revival of IPOs after a long drought. Data and analytics company Ortex reported that about 14 million of Arm's shares were on loan, indicating a negative view from some market participants.