Tech Rotation Check: Hardware is Heating Up While Software Stocks Cool Off

Wild divergence hit US tech sectors last week — AI computing names like NVIDIA, Super Micro and Micron are absolutely surging, while big cloud players such as Microsoft, Amazon and Alphabet took a step back. Market sentiment is currently being dragged down by Apple’s upcoming product launch and those lingering geopolitical jitters that are making most investors a little more risk-averse right now.

Hardware was the clear standout: Sandisk, Micron and Dell all posted massive double-digit gains, while the software space saw a brutal deflating trend that left high-flying names getting dumped hard as capital chased clearer AI narratives elsewhere. Did anyone else catch Microsoft CEO Satya Nadella selling over 86,000 shares last week? That $43.39 million cash out definitely made people side-eye the insider signal a little.[More >>](https://www.moomoo.com/news/post/75915338?global_content=%7B%22promote_content%22:%2211067213%22,%22promote_id%22:20795,%22promote_type%22:43,%22sub_promote_id%22:1%7D)

Who’s riding the hardware rally this week, or are you still waiting for the software dip to play out?