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Wall Street's AI Trade Just Flipped. Software Stocks Climb As Chips Fall.

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International Business Times Fews App News Provider
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Trillions of dollars in market value have shifted as investors moved away from many of the semiconductor stocks that dominated the artificial intelligence boom and back toward software companies. Getty Images Wall Street's technology trade has undergone a dramatic reversal over the past weeks, with software stocks surging toward record highs while semiconductor shares remain trapped in a bear market, creating the widest performance gap between the two groups in decades. The divergence began almost precisely on June 22, when chip stocks peaked and software shares bottomed, according to a Yahoo Finance analysis published Tuesday.

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