Jordi Visser: Semis vs Software Is Breaking the Market (Scarcity vs Abundance)


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Source: Youtube Jordi Visser

Type: Video

Published: January 18, 2026 at 01:30 PM (5 months ago)

Video Description

In this week's video, I break down why the market is experiencing its most significant broadening-out in years with small caps up 7% in just two weeks and over 1000 of the names in the S&P 1500 outperforming the index year-to-date (versus 448 over the last five years). This is not a large cap to smidcap story but a concentration story as even in the large cap only SPX we are seeing similar percentages. Beneath the surface, we're witnessing a fundamental regime shift: the concentrated AI data center/ChatGPT software buildout theme is now broadening out as we reach the physical limits of power and hardware. Alpha so far has been migrating away from concentrated mega-cap software and towards underinvested areas of the market.
The scarcity story is accelerating across semiconductors...

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