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AI spending lifts chipmakers while software stocks stumble in US markets
Business
Published on 29 April 2026
Investors are pairing chip buys with software bets
US markets highlight a sharp split in tech leadership: AI-linked demand is boosting semiconductor stocks even as software names lag. With technology investors facing a volatile backdrop, traders appear to be gravitating toward chips as a clearer read-through to AI spending, while simultaneously reducing exposure to software companies whose growth outlook looks less certain.
- AI spending is emerging as a direct tailwind for semiconductors
- Software stocks are underperforming despite overall tech interest
- Investors are favoring chip exposure over software positioning
- The market’s tech split underscores differing AI read-throughs
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times