AI Semis: Run-up into year-end likely as macro factors lose potency
The 10-year yield jumped ~15bps yesterday, the 30-year jumped 10bps. The SOX index, down ~1%, hardly took notice. Have rising bond yields lost their potency to depress semi stocks? If so, the recent run-up in SOX could have legs as investors look past rising rates and focus on the fundamentals of high-growth AI stocks. Macro […]