The Semiconductors Supplant Software in Tech's New Era The recent quarterly earnings report from Nvidia has highlighted the seismic shift underway in the tech industry, with semiconductor stocks dominating market attention and leaving software vendors playing catch up.
CNBC's Jim Cramer has been a vocal proponent of this new era, arguing that the artificial intelligence boom has rewritten the rules for technology investing.
For years, software was the crown jewel of the tech sector, generating billions in revenue from subscription based models for companies like Salesforce and Adobe.