By Joseph Adinolfi and Frances Yue
Investors are seeing more signs that the bottom is near, if not already in
Despite a last-minute recovery, chip stocks and other popular momentum names still finished July sharply lower.
Friday capped off an eventful six-week stretch in markets, as hard-hit momentum names completed a powerful two-day comeback rally, ending a turbulent stretch for the strategy on a high note.
The reprieve, which followed reports that a highflying and heavily leveraged AI-focused hedge fund had sold its equity portfolio, has helped semiconductor stocks cement their biggest two-day rally since June, Dow Jones Market Data showed.
