The AI chip trade cracked this week, and the hunt for what replaces it has begun

The Next Web
By Ana Maria ConstantinJul 3, 2026, 3:12 pm126 ptsTrending
The trade that defined the first half of 2026, buying anything with proximity to a GPU, broke apart in the holiday-shortened week before Independence Day. The PHLX Semiconductor Index, which had surged more than 80% in the first half, sank 6.3% on Wednesday and 5.4% on Thursday, a two-session decline of…

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