AGF says AI-driven semiconductor rally lifts SOX 102% in H1 2026 - SOXX News | RalliesAGF says AI-driven semiconductor rally lifts SOX 102% in H1 2026
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SOXX• AGF says semiconductors were the top AI market trade in 2026
- AGF flagged semiconductors as the top AI market trade in 2026, with the PHLX Semiconductor Sector Index up 102% in H1.
- That surge outpaced the Nasdaq Composite’s 13% gain, beating the S&P 500’s 10% advance over the same period.
- Software and communication-services stocks lagged, with Meta, Google pressured by investor focus on rising AI capex costs.
- AGF warned elevated semiconductor valuations already price in success, leaving forecasts for sharp EPS growth crucial to support shares.
- Investors should track revenue momentum, gross margins, free cash flow trends, with some mega-caps’ AI buildout pushing FCF negative.
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