(Bloomberg) -- In a choppy year for tech investors, one trade has stood out as a success: buy chip stocks, sell software shares. And the divide between winners and losers is getting bigger as 2026 moves along.Most Read from BloombergUAE Quits OPEC as War Upends Oil Markets and Gulf Tensions RiseTrump Being ‘Humiliated’ in Iran Talks, German Leader SaysNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesSergey Brin Confronted Gavin Newsom — Then Launched a Political WarThe Billion-Barr
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Tech’s ‘New Normal’ Trade Pair: Long Chip Stock, Short Software