The AI Gold Rush Just Faced Its First Real Test
The AI trade is officially in a bear market. Wait… what? That can’t be right. Can it? Believe it or not, it’s true. If we use the Philadelphia Semiconductor Index as a proxy for…
Written byAdam O'DellSource: Money & Markets
The AI trade is officially in a bear market. Wait… what? That can’t be right. Can it? Believe it or not, it’s true. If we use the Philadelphia Semiconductor Index as a proxy for AI infrastructure spending, then the answer is technically yes. The iShares Semiconductor ETF (SOXX), which tracks the index, was 20% below its recent high as of Friday […]
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