AI Trading Divergence Intensifies: 30-Day Correlation Between Major US Capex Companies and Semiconductor Index Approaches Zero
Source：
x.com
The Kobeissi Letter stated that data shows significant divergence in AI-themed trading. The 30-day correlation between US companies with the largest capital expenditures and the PHLX Semiconductor Sector Index (SOX) has approached zero, hitting a low of at least 4.5 years, significantly down from 0.78 in April, and also below the average of 0.60 since 2022.
