IBM made computers and Microso

IBM made computers and Microsoft made operating software.

We are now at the infrastructure stage but eventually we need software to run them. Software companies doing agentic AI will eventually be in the spotlight.

We can never time the market, why not start adding some? I'm adding $ServiceNow(NOW)$

Why the Gap Between Chip and Software Stocks Keeps Getting Wider

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Software companies doing agentic AI will eventually be in the spotlight.&nbsp;\n \nWe can never time the market, why not start adding some? I'm adding&nbsp;<a href=\"https://ttm.financial/S/NOW\">$ServiceNow(NOW)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n </body></html>","htmlText":"<html><head></head><body>IBM made computers and Microsoft made operating software.&nbsp;\n \nWe are now at the infrastructure stage but eventually we need software to run them. Software companies doing agentic AI will eventually be in the spotlight.&nbsp;\n \nWe can never time the market, why not start adding some? I'm adding&nbsp;<a href=\"https://ttm.financial/S/NOW\">$ServiceNow(NOW)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n </body></html>","text":"IBM made computers and Microsoft made operating software. We are now at the infrastructure stage but eventually we need software to run them. Software companies doing agentic AI will eventually be in the spotlight. We can never time the market, why not start adding some? I'm adding $ServiceNow(NOW)$","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/563017578509368","repostId":2634742462,"repostType":2,"repost":{"id":"2634742462","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1778471818,"share":"https://ttm.financial/m/news/2634742462?lang=en_US&edition=fundamental","pubTime":"2026-05-11 11:56","market":"nz","language":"en","title":"Why the Gap Between Chip and Software Stocks Keeps Getting Wider","url":"https://stock-news.laohu8.com/highlight/detail?id=2634742462","media":"Dow Jones","summary":"It's a good time to be a chip stock investor. The same can't be said for software stock bulls, and it's all tied to how investors view the two industries in relation to the artificial intelligence...","content":"<html><head></head><body>It&#39;s a good time to be a chip stock investor. The same can&#39;t be said for software stock bulls, and it&#39;s all tied to how investors view the two industries in relation to the artificial intelligence boom.Now, earnings season is widening the gap between the two sectors.With artificial intelligence driving up demand for chip processors, semiconductor stocks have been rallying at historic levels. However, the AI thesis for software plays is less favorable, with the overwhelming sentiment being that AI will disrupt software, rendering some offerings obsolete.This fear has led to a broad selloff in software stocks while the PHLX Semiconductor Index, a sector benchmark also referred to as the Philadelphia Semiconductor Index or SOX, just experienced its largest 25-day rally since the 2000 dot-com bubble.The divide between software stock performance and surging chip stocks doesn&#39;t appear to be slowing down.The VanEck Semiconductor ETF rose 4.9% on Friday while the iShares Expanded Tech-Software Sector ETF edged up 0.3%, as investors digested numerous earnings reports.For comparison, the S&amp;P 500 and the tech-heavy Nasdaq Composite rose 0.8% and 1.7%, respectively. The Dow Jones Industrial Average was basically flat.Investors need only look at the reaction to earnings for software and chips to see why one sector is outperforming the other.Software play <a href=\"https://laohu8.com/S/HUBS\">HubSpot</a> on Friday sank 19%, its worst daily percentage decline in 10 years, despite beating first-quarter earnings estimates. Guidance was a weak spot for HubSpot, which sees revenue of $3.7 billion to $3.71 billion in 2026, up from prior calls for $3.69 billion to $3.7 billion. Wall Street was looking for $3.7 billion. The company also guided for second-quarter revenue between $897 million and $898 million, below analysts&#39; projections of $899 million.Elsewhere, <a href=\"https://laohu8.com/S/SOUN\">SoundHound AI</a> plummeted 7.8% after the maker of voice recognition technology posted a slightly wider-than-anticipated loss in its latest quarter following a massive acquisition spree. The company also reaffirmed 2026 revenue guidance with a midpoint that exceeded Wall Street&#39;s expectations.Atlassian edged 0.8% lower on Friday. The workflow software company on April 30 beat both earnings and revenue expectations for its fiscal third quarter. Shares initially surged a week ago.AppLovin also declined 6% Friday after soaring Thursday. The artificial intelligence-based mobile advertising platform, reported late Wednesday better-than-expected f irst-quarter revenue and earnings.In contrast, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> jumped 1.8% to $215.22, trading near a record closing high. Nvidia has added to its rapidly expanding roster of partners by striking an artificial-intelligence infrastructure deal with AI cloud provider IREN. On Wednesday, Elon Musk&#39;s SpaceX and AI start-up Anthropic announced a partnership that will give Anthropic access to more than 300 megawatts of capacity across over 220,000 Nvidia chips at SpaceX&#39;s Colossus 1 data center in Tennessee.Advanced Micro Devices surged 11% on Friday and ended the week up 26% after the chip maker reported solid first-quarter earnings Tuesday with data-center sales increasing 57%. <a href=\"https://laohu8.com/S/AMD\">AMD</a> also provided strong second-quarter guidance, with sales and adjusted gross profit projections well above expectations.Overall, in the VanEck Semiconductor ETF, the best-performing stocks Friday were Micron Technology, Intel, Advanced Micro Devices, Qualcomm, and Marvell Technology, according to Dow Jones Market Data. Nvidia was also among the top stocks in the ETF.In comparison, the top five-performing stocks in the iShares software ETF on Friday were Dropbox, <a href=\"https://laohu8.com/S/GENVR\">Gen Digital</a>, Bill Holdings, <a href=\"https://laohu8.com/S/AVP.SI\">AvePoint</a>, and <a href=\"https://laohu8.com/S/ADEA\">Adeia</a>. Meanwhile, the laggards on Friday were HubSpot, N-Able, <a href=\"https://laohu8.com/S/SOUNW\">SoundHound AI</a>, Appian, and AppLovin.So far this year, the top performers in the software ETF are <a href=\"https://laohu8.com/S/HUT\">Hut 8</a> Corp, Terawulf, <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>, <a href=\"https://laohu8.com/S/AUR\">Aurora Innovation</a>, and Adeia.Meanwhile, Intel leads the VanEck Semiconductor ETF this year with a 239% advance. Micron Technology, STMicroelectronics, Advanced Micro Devices, and Marvell Technology fill out the top five performers year-to-date.This week, the semiconductor ETF was up 11% while the iShares software ETF has gained 5.2%.The further out the timeline is pushed, the wider the divide becomes.Over the past 30 days, the VanEck semiconductor ETF has surged 34%, well outpacing the software ETF, which has advanced 14%, according to Dow Jones Market Data.So far this year, the software ETF has declined 14% while the chips ETF has surged 57%. When looking at the past 12 months, the contrast is even starker, with the semiconductor ETF advancing 155% while the software ETF has declined 9%.The only thing that remains to be seen is who is right when it comes to AI, software, and chips.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Gap Between Chip and Software Stocks Keeps Getting Wider</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Gap Between Chip and Software Stocks Keeps Getting Wider\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2026-05-11 11:56\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>It&#39;s a good time to be a chip stock investor. The same can&#39;t be said for software stock bulls, and it&#39;s all tied to how investors view the two industries in relation to the artificial intelligence boom.Now, earnings season is widening the gap between the two sectors.With artificial intelligence driving up demand for chip processors, semiconductor stocks have been rallying at historic levels. However, the AI thesis for software plays is less favorable, with the overwhelming sentiment being that AI will disrupt software, rendering some offerings obsolete.This fear has led to a broad selloff in software stocks while the PHLX Semiconductor Index, a sector benchmark also referred to as the Philadelphia Semiconductor Index or SOX, just experienced its largest 25-day rally since the 2000 dot-com bubble.The divide between software stock performance and surging chip stocks doesn&#39;t appear to be slowing down.The VanEck Semiconductor ETF rose 4.9% on Friday while the iShares Expanded Tech-Software Sector ETF edged up 0.3%, as investors digested numerous earnings reports.For comparison, the S&amp;P 500 and the tech-heavy Nasdaq Composite rose 0.8% and 1.7%, respectively. The Dow Jones Industrial Average was basically flat.Investors need only look at the reaction to earnings for software and chips to see why one sector is outperforming the other.Software play <a href=\"https://laohu8.com/S/HUBS\">HubSpot</a> on Friday sank 19%, its worst daily percentage decline in 10 years, despite beating first-quarter earnings estimates. Guidance was a weak spot for HubSpot, which sees revenue of $3.7 billion to $3.71 billion in 2026, up from prior calls for $3.69 billion to $3.7 billion. Wall Street was looking for $3.7 billion. The company also guided for second-quarter revenue between $897 million and $898 million, below analysts&#39; projections of $899 million.Elsewhere, <a href=\"https://laohu8.com/S/SOUN\">SoundHound AI</a> plummeted 7.8% after the maker of voice recognition technology posted a slightly wider-than-anticipated loss in its latest quarter following a massive acquisition spree. The company also reaffirmed 2026 revenue guidance with a midpoint that exceeded Wall Street&#39;s expectations.Atlassian edged 0.8% lower on Friday. The workflow software company on April 30 beat both earnings and revenue expectations for its fiscal third quarter. Shares initially surged a week ago.AppLovin also declined 6% Friday after soaring Thursday. The artificial intelligence-based mobile advertising platform, reported late Wednesday better-than-expected f irst-quarter revenue and earnings.In contrast, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> jumped 1.8% to $215.22, trading near a record closing high. Nvidia has added to its rapidly expanding roster of partners by striking an artificial-intelligence infrastructure deal with AI cloud provider IREN. On Wednesday, Elon Musk&#39;s SpaceX and AI start-up Anthropic announced a partnership that will give Anthropic access to more than 300 megawatts of capacity across over 220,000 Nvidia chips at SpaceX&#39;s Colossus 1 data center in Tennessee.Advanced Micro Devices surged 11% on Friday and ended the week up 26% after the chip maker reported solid first-quarter earnings Tuesday with data-center sales increasing 57%. <a href=\"https://laohu8.com/S/AMD\">AMD</a> also provided strong second-quarter guidance, with sales and adjusted gross profit projections well above expectations.Overall, in the VanEck Semiconductor ETF, the best-performing stocks Friday were Micron Technology, Intel, Advanced Micro Devices, Qualcomm, and Marvell Technology, according to Dow Jones Market Data. Nvidia was also among the top stocks in the ETF.In comparison, the top five-performing stocks in the iShares software ETF on Friday were Dropbox, <a href=\"https://laohu8.com/S/GENVR\">Gen Digital</a>, Bill Holdings, <a href=\"https://laohu8.com/S/AVP.SI\">AvePoint</a>, and <a href=\"https://laohu8.com/S/ADEA\">Adeia</a>. Meanwhile, the laggards on Friday were HubSpot, N-Able, <a href=\"https://laohu8.com/S/SOUNW\">SoundHound AI</a>, Appian, and AppLovin.So far this year, the top performers in the software ETF are <a href=\"https://laohu8.com/S/HUT\">Hut 8</a> Corp, Terawulf, <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>, <a href=\"https://laohu8.com/S/AUR\">Aurora Innovation</a>, and Adeia.Meanwhile, Intel leads the VanEck Semiconductor ETF this year with a 239% advance. Micron Technology, STMicroelectronics, Advanced Micro Devices, and Marvell Technology fill out the top five performers year-to-date.This week, the semiconductor ETF was up 11% while the iShares software ETF has gained 5.2%.The further out the timeline is pushed, the wider the divide becomes.Over the past 30 days, the VanEck semiconductor ETF has surged 34%, well outpacing the software ETF, which has advanced 14%, according to Dow Jones Market Data.So far this year, the software ETF has declined 14% while the chips ETF has surged 57%. When looking at the past 12 months, the contrast is even starker, with the semiconductor ETF advancing 155% while the software ETF has declined 9%.The only thing that remains to be seen is who is right when it comes to AI, software, and chips.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0795875169.SGD":"JPMorgan Investment Funds - 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The same can't be said for software stock bulls, and it's all tied to how investors view the two industries in relation to the artificial intelligence boom.Now, earnings season is widening the gap between the two sectors.With artificial intelligence driving up demand for chip processors, semiconductor stocks have been rallying at historic levels. However, the AI thesis for software plays is less favorable, with the overwhelming sentiment being that AI will disrupt software, rendering some offerings obsolete.This fear has led to a broad selloff in software stocks while the PHLX Semiconductor Index, a sector benchmark also referred to as the Philadelphia Semiconductor Index or SOX, just experienced its largest 25-day rally since the 2000 dot-com bubble.The divide between software stock performance and surging chip stocks doesn't appear to be slowing down.The VanEck Semiconductor ETF rose 4.9% on Friday while the iShares Expanded Tech-Software Sector ETF edged up 0.3%, as investors digested numerous earnings reports.For comparison, the S&P 500 and the tech-heavy Nasdaq Composite rose 0.8% and 1.7%, respectively. The Dow Jones Industrial Average was basically flat.Investors need only look at the reaction to earnings for software and chips to see why one sector is outperforming the other.Software play HubSpot on Friday sank 19%, its worst daily percentage decline in 10 years, despite beating first-quarter earnings estimates. Guidance was a weak spot for HubSpot, which sees revenue of $3.7 billion to $3.71 billion in 2026, up from prior calls for $3.69 billion to $3.7 billion. Wall Street was looking for $3.7 billion. The company also guided for second-quarter revenue between $897 million and $898 million, below analysts' projections of $899 million.Elsewhere, SoundHound AI plummeted 7.8% after the maker of voice recognition technology posted a slightly wider-than-anticipated loss in its latest quarter following a massive acquisition spree. The company also reaffirmed 2026 revenue guidance with a midpoint that exceeded Wall Street's expectations.Atlassian edged 0.8% lower on Friday. The workflow software company on April 30 beat both earnings and revenue expectations for its fiscal third quarter. Shares initially surged a week ago.AppLovin also declined 6% Friday after soaring Thursday. The artificial intelligence-based mobile advertising platform, reported late Wednesday better-than-expected f irst-quarter revenue and earnings.In contrast, Nvidia jumped 1.8% to $215.22, trading near a record closing high. Nvidia has added to its rapidly expanding roster of partners by striking an artificial-intelligence infrastructure deal with AI cloud provider IREN. On Wednesday, Elon Musk's SpaceX and AI start-up Anthropic announced a partnership that will give Anthropic access to more than 300 megawatts of capacity across over 220,000 Nvidia chips at SpaceX's Colossus 1 data center in Tennessee.Advanced Micro Devices surged 11% on Friday and ended the week up 26% after the chip maker reported solid first-quarter earnings Tuesday with data-center sales increasing 57%. AMD also provided strong second-quarter guidance, with sales and adjusted gross profit projections well above expectations.Overall, in the VanEck Semiconductor ETF, the best-performing stocks Friday were Micron Technology, Intel, Advanced Micro Devices, Qualcomm, and Marvell Technology, according to Dow Jones Market Data. Nvidia was also among the top stocks in the ETF.In comparison, the top five-performing stocks in the iShares software ETF on Friday were Dropbox, Gen Digital, Bill Holdings, AvePoint, and Adeia. Meanwhile, the laggards on Friday were HubSpot, N-Able, SoundHound AI, Appian, and AppLovin.So far this year, the top performers in the software ETF are Hut 8 Corp, Terawulf, Riot Platforms, Aurora Innovation, and Adeia.Meanwhile, Intel leads the VanEck Semiconductor ETF this year with a 239% advance. Micron Technology, STMicroelectronics, Advanced Micro Devices, and Marvell Technology fill out the top five performers year-to-date.This week, the semiconductor ETF was up 11% while the iShares software ETF has gained 5.2%.The further out the timeline is pushed, the wider the divide becomes.Over the past 30 days, the VanEck semiconductor ETF has surged 34%, well outpacing the software ETF, which has advanced 14%, according to Dow Jones Market Data.So far this year, the software ETF has declined 14% while the chips ETF has surged 57%. When looking at the past 12 months, the contrast is even starker, with the semiconductor ETF advancing 155% while the software ETF has declined 9%.The only thing that remains to be seen is who is right when it comes to AI, software, and chips.","news_type":1,"symbols_score_info":{"FTXL":0.81,"AVS":0.6,"SMH":1.93,"CHPS":0.81,"WTAI":0.61,"USD":0.81,"CHAT":0.71,"TEKX":0.81,"SOXQ":0.81,"PSI":0.81,"AGIX":0.71,"MRVU":0.6,"SMHX":0.81,"ARTY":0.71,"SOXX":0.81,"IGM":1.91,"VERS":0.61,"AVGG":0.6,"SOXY":0.81,"SSG":0.81,"AVL":0.6,"AVGU":0.6,"AIPO":0.71,"MVLL":0.6,"XSD":0.81,"CHPY":0.81,"AVGX":0.6,"AMD":1.86,"SOXS":0.81,"SOX":2,"SOXL":0.81,"AVGW":0.6}},"isVote":1,"tweetType":1,"viewCount":564,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NOW"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":253,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/563017578509368"}