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Semiconductor Stocks Outperform Software
Today, the global stock market experienced a historic rise in semiconductor company shares, as the Philadelphia Semiconductor Index increased by 4.5%. Meanwhile, software company stocks declined significantly, with the iShares fund dropping by 4%, widening the gap between the two sectors to 8.4 percentage points — the largest since 2021. The rally was driven by Alphabet's announcement of an $80 billion share offering to finance artificial intelligence investments. Shares of Broadcom and Marvell Technology rose, while those of Microsoft, Oracle, and Palantir Technologies fell.
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