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Tech & Innovation·August 1, 2026·1 min read

The equal-weighted S&P 500 just smoked the Nasdaq-100 in July — outperforming amid the violent chip-stock unwind

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The AI trade is no longer a one-way bet — July’s equal-weight S&P outperformance during the chip unwind is a reminder that AI beta can cut both ways. If your planning assumptions quietly treat AI infra and megacap tech as risk-free growth, revisit your exposure and scenario tests for a choppier 6–12 months.