Zortix matched this thesis to Semiconductors ETFs as one way for retail investors to get exposure. Not a recommendation.
Software vs Semis as 2026's big theme
The hosts revealed that the ratio of software to semiconductor stocks has been in a persistent downtrend, representing a major market theme of the year.
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You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.
The Callback
Software stocks setup for a tactical bounce
21 weeks between these two statements.
The discussion framed a major role reversal, with semiconductors gaining weight in the S&P 500 at the expense of software, a trend argued to be in its early stages.
The hosts revealed that the ratio of software to semiconductor stocks has been in a persistent downtrend, representing a major market theme of the year.