What if the next AI winner isn't another chip stock? Since June 23: Software +7.5% SOX -7.5%
Shares of technology companies rose as traders dived back into artificial-intelligence bets.
The people who know software best are buying it aggressively. The market is still pricing an AI apocalypse.
The PHLX Semiconductor Index sank 12% in two sessions while the Dow hit a record. Investors are rotating from AI chips to software as Q2 earnings approach.
Shares of technology companies fell, giving back some of the historic gains from the second quarter as volatility in the artificial-intelligence sub-sector continued.
