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Software stocks rebound, with iShares Expanded Tech-Software Sector ETF (IGV) up 15% in three months, while chip stocks retreat; analysts see AI-driven selloff as opportunity
Zacks Investment Management chief market strategist Brian Mulberry noted that earlier predictions of "the death of software" were greatly overstated, as AI tools necessitate customized software. The iShares Semiconductor ETF (SOXX) is down 17% over the past three months. Gabelli Funds portfolio manager Hendi Susanto views the AI-driven selloff in chip stocks as an opportunity, favoring AI infrastructure plays with attractive valuations and strong outlooks, including Arista Networks, AMD, Nvidia, Dell, and Hewlett Packard Enterprise.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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