Chip Stocks' Worst Month Ever Versus Software: Is the AI Trade Cracking?
SOXX has fallen 19.95% against IGV in July, the worst month on record. Yet, chip earnings estimates are intact — only the multiple broke.
Chip company stocks fell way more than software stocks this month, even though chip makers' business plans look fine — just their prices got too expensive. When you watch chip stocks, notice if people think they're fairly priced again or if something about the business actually changed.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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