CITIC's: Software Stocks Are Crushing AI Threat Narrative— This Window

Bullish

What Happened

CITIC Securities' weekly tech note highlights that software companies are increasingly breaking free from the 'AI threat' narrative, with positive investor meetings from Accenture and Synopsys. The report also notes strength in semiconductors, with Micron's flawless earnings and continued tight memory supply.

Bottom Line

CITIC remains bullish on tech, favoring semiconductors and software as AI fears subside and earnings momentum builds.

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