Semis Have Dominated Since March, But Is Software About to Wake Up?
It's no secret the semis have been eating software's lunch since march...literally.
But I do have intentions to re-enter software, when/if a rotation out of semis starts to materialize.
Jensen of $NVIDIA(NVDA)$ is pro-software trade, "there’s this notion that the tool industry is in decline and will be replaced by ai… It is the most illogical thing in the world."
I'm watching the $VanEck Semiconductor ETF(SMH)$ $iShares Expanded Tech-Software Sector ETF(IGV)$ ratio closely.
If the ratio starts cooling off + flattening, could be a good first signal that tech leadership is beginning to broaden out again.
If that starts to happen, I will focus on the software leaders: $Datadog(DDOG)$ $Twilio(TWLO)$ $CrowdStrike Holdings, Inc.(CRWD)$ $AppLovin Corporation(APP)$
Food for thought.
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