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A rotation trade tied to perceptions of an AI slowdown boosted cybersecurity stocks CrowdStrike and Palo Alto Networks even as semiconductor shares declined, according to new market commentary. The divergence highlights investors seeking software and security exposure perceived as less tied to AI capital-expenditure cycles. The move underscores growing debate over how different segments of the AI value chain will fare if spending growth decelerates, with some investors favoring software names over hardware and chip suppliers.