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Jake Wujastyk: Software stocks pull back as rotation to AI names begins

Jake Wujastyk: Software stocks pull back as rotation to AI names begins
Software stocks down as AI rises

Jake Wujastyk, founder / CEO at TrendSpider, observes that market rotation is now underway, with software stocks pulling back while companies such as DELL begin new moves higher, particularly benefiting from the AI trade.

Wujastyk adds that the shift comes after an initial period when consensus among investors appeared to hinder rotation.

Wujastyk has previously commented on significant technical moves across different assets. Earlier, he observed Bitcoin breaking through its diagonal trend zone, suggesting a possible new upside for BTCUSD. In another review, Wujastyk noted a notable decline in SNDK shares after revisiting the chart following a one-month interval.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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