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.