BREAKING
Chip-Buy, Software-Sell Trade Unravels
2026 Divide: Chips Up, Software Down
SMH
57
IGV
-14
0
%
SW peak-to-trough
0
%
Micron 1-yr return
The July Turn
1
AI capex doubts
↓
2
Samsung earnings miss
↓
3
Chips correct
↓
4
Software rebounds
Rotation or Buying Dip?
Rotation view
Bearish chips
●
Buy software, sell hardware
●
AI disruption fear fading
Chip bull view
Structural
●
Micron dip is best buy
●
AI memory demand past 2027
2026 Chip Revenue Seen Above $1.1T
AI NEWS BLITZ
The 2026 trade of buying chips and selling software is showing signs of falling apart.