Down 30%, Is this Artificial Intelligence (AI) Stock a Screaming Buy?
Axon looks oversold in the "SaaSpocalypse."
Overview
2026 has been a banner year for one segment of the AI sector.
Semiconductor stocks have soared, driven by the massive AI infrastructure build-out and shortages in products like memory chips. As a result, the iShares Semiconductor ETF, which tracks major chip stocks, has doubled through the first half of the year.
Details
However, AI stocks with exposure to software have mostly underperformed, as the iShares Expanded Tech-Software Sector ETF, which holds the leading software-as-a-service (SaaS) stocks, is down 16%, significantly underperforming the S&P 500.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.