Micron, Dell, Intel Surge While AI Software Stocks Fall, Confirming Sector Rotation
Semiconductor and HPC infrastructure stocks gained 3-5% on June 25 as enterprise AI software names declined and the Nasdaq Composite fell. The divergence confirms capital rotating out of the application layer into picks-and-shovels hardware. Hardware-adjacent investments — semiconductor ETFs and AI data center REITs — are positioned to outperform over 3-6 months.













