Semiconductors dip while software ETFs rise; hyperscalers' capex forecasts will reveal market direction.
Semiconductors have sharply declined recently, contrasting with gains in major software ETFs. The upcoming earnings reports from hyperscalers will be crucial, as their capital expenditure guidance—not earnings per share—will indicate whether this divergence is temporary or signals a deeper market rotation. A recent partnership between Micron and Anthropic boosted Micron's stock by 5%, highlighting strong momentum in memory and storage sectors. Investors await these signals to decide which sector will lead next.
Semiconductors have sharply declined recently, contrasting with gains in major software ETFs. The upcoming earnings reports from hyperscalers will be crucial, as their capital expenditure guidance—not earnings per share—will indicate whether this divergence is temporary or signals a deeper market rotation. A recent partnership between Micron and Anthropic boosted Micron's stock by 5%, highlighting strong momentum in memory and storage sectors. Investors await these signals to decide which sector will lead next.
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