Software and Semiconductor Stocks Break Historic Correlation, Drop to 0.17 on July 15

IBM-2.70%
According to Yahoo Finance, on July 15, the correlation coefficient between software stocks (including IBM) and semiconductor stocks has plummeted to 0.17 from a historical average of 0.76 since 2002, marking the lowest level on record. The figure is derived from the 52-week correlation between iShares Expanded Tech-Software ETF (IGV) and iShares Semiconductor ETF (SOXX), indicating investors increasingly view the two sectors as distinct industries rather than correlated tech segments. The divergence reflects surging profits among semiconductor companies and accelerating AI infrastructure investments attracting capital flows.
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