Reported about 1 year ago
Hedge funds have changed their investment strategy by selling off semiconductor stocks and opting to invest in software instead, especially after last week's data showing a decrease in semiconductor purchases and an increase in software acquisitions. The shift in focus comes as software stocks exhibit slowed growth in AI compared to the strong demand and confidence boosting semiconductor stocks like Nvidia Corp., leading to a notable reversal in trading strategies within the tech sector with a more positive outlook towards software stocks securing better earnings.
Source: YAHOO