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The correlation between U.S. chip stocks and software stocks turns negative for the first time, as AI drives internal divergence within the tech sector.

The correlation between U.S. chip stocks and software stocks turns negative for the first time, as AI drives internal divergence within the tech sector.

The correlation between the performance of US chip stocks and software stocks has fallen below zero, marking the first negative value on record and highlighting the increasing internal divergence within the technology sector due to artificial intelligence. According to Bloomberg, the indicator measuring the degree of correlation between the iShares
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The Philadelphia Semiconductor Index in the US dropped nearly 10% over seven days, attracting bottom-fishing capital to enter the market.

The Philadelphia Semiconductor Index in the US dropped nearly 10% over seven days, attracting bottom-fishing capital to enter the market.

``` The sell-off in semiconductor stocks has reached levels that historically often signal a rebound, attracting bargain hunters. The Philadelphia Semiconductor Index (SOX) dropped as much as 3.6% intraday on Tuesday, widening its seven-day loss to nearly 10%, marking the largest short-term decline since November. However, the index later rallied
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